50‑10 External conduct standards50‑10 External conduct standards

#### 50‑10 External conduct standards (1) The regulations may specify standards (the external conduct standards) with which an entity must comply in order to become registered under this Act, and to remain entitled to be registered under this Act. (2) Without limiting the scope of subsection (1), those standards may: (a) require the entity to ensure that its governing rules provide for a specified matter; or (b) require the entity to achieve specified outcomes and: (i) not specify how the entity is to achieve those outcomes; or (ii) specify principles as to how the entity is to achieve those outcomes; or (c) require the entity to establish and maintain processes for the purpose of ensuring specified matters. (2A) Without limiting subparagraph (2)(b)(ii), the principles mentioned in that subparagraph may reflect the size of the entity, the amount and nature of contributions to the entity and the nature of the activities undertaken by the entity in pursuit of its purposes. (3) However, the external conduct standards must deal only with: (a) matters external to Australia; or (b) matters not external to Australia but that are closely related to, or have or will have a significant impact on, entities, things or matters external to Australia.