14Obligations of licensees—who compliance certificate must be signed by

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.