30Exemption for variable remuneration payable for temporary performance

30 Exemption for variable remuneration payable for temporary performance

(1) This section applies if: (a) a person becomes an accountable person of an accountable entity or a significant related entity by filling a temporary or unforeseen vacancy; and (b) the person is not registered under Division 1 of Part 3 of Chapter 3. (2) Paragraph 25(1)(a) does not apply in relation to the variable remuneration of the accountable person for the period during which, because of subsection 24(2), the person is not prohibited from being an accountable person of the accountable entity or significant related entity.