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National Consumer Credit Protection Regulations 2010
14Obligations of licensees—who compliance certificate must be signed by
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#### 14 Obligations of licensees—who compliance certificate must be signed by
For paragraph 53(3)(b) of the Act, the following persons are prescribed:
(a) if the body corporate is not an ADI:
(i) the Chief Executive Officer of the body corporate; or
(ii) if the body corporate does not have a Chief Executive Officer—the person who:
(A) is responsible for managing the affairs of the body corporate; and
(B) has authority to make decisions in relation to the allocation of resources so that the body corporate complies with the Act;
(b) if the body corporate is an ADI:
(i) the Chief Executive Officer of the body corporate; or
(ii) a person who satisfies the criteria to be fit and proper to hold a responsible person position under Prudential Standard APS 520.
> Note: Prudential Standard APS 520 is in Schedule 1 to the Banking (prudential standard) determination No. 1 of 2006—Prudential Standard APS 520 Fit and Proper.