18Obligations of accountable persons

18 Obligations of accountable persons

(1) An accountable person must comply with each of the person’s accountability obligations under Part 3 in relation to each of the responsibilities that cause the person to be an accountable person of an accountable entity or a significant related entity. (2) Subsection (1) does not apply to an accountable person of an accountable entity to which section 15 does not apply because of paragraph 15(2)(a). (3) Subsection (1) applies to an accountable person of a foreign accountable entity only in relation to a branch of the accountable entity that is operating in Australia. (4) Subsection (1) does not apply to an accountable person and an obligation to the extent that the accountable person is not required to comply with the obligation because of subsection 19(2).