Australia: Financial Accountability Regime

This module will enable you to

• Identify accountable entities for the purposes of FAR
• Recognise who can qualify as an accountable person
• Discuss the differences between core and enhanced entities when it comes to notification obligations
• Outline how the regulators will approach administration of the regime

About the module

This short course takes a closer look at the Financial Accountability Regime (FAR), explaining how to go about identifying accountable entities and accountable persons, and understanding the notification obligations that must be followed under the regime.

The transition from the Banking Executive Accountability Regime includes a number of differences and entities are expected to take these into account and make the switch to the FAR as quickly as possible.