7Special regulators, heads and eligible delegates

7 Special regulators, heads and eligible delegates

The following apply in relation to each item in the table: (a) for the purposes of paragraph 11C(1)(b) of the Act, an entity specified in column 1 of an item is prescribed as a special regulator; (b) for the purposes of paragraph 7(2)(b) of the Act, a person specified in column 2 of an item is prescribed as the head of the special regulator specified in column 1 of the item; (c) for the purposes of paragraph 31A(1)(b) and subsection 31A(2) of the Act, if an entity specified in column 1 of an item is a nominated special regulator in relation to a special designated payment system, then a person specified in column 3 of the item is prescribed as an eligible delegate in relation to the nominated special regulator.

<table cellspacing="0" cellpadding="0" style="margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="4" style="width:404.85pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Special regulators, heads and eligible delegates</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 1</span></p><p class="TableHeading"><span>Special regulators</span></p></td><td style="width:109.7pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 2</span></p><p class="TableHeading"><span>Heads of special regulators</span></p></td><td style="width:135.75pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 3</span></p><p class="TableHeading"><span>Eligible delegates in relation to special regulators that are nominated special regulators</span></p></td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:102.1pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The Australian Competition and Consumer Commission (the </span><span style="font-weight:bold; font-style:italic">Commission</span><span>)</span></p></td><td style="width:109.7pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The Chairperson of the Commission</span></p></td><td style="width:135.75pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Each of the following:</span></p><p class="Tablea"><span>(a) a member of the Commission (within the meaning of the </span><span style="font-style:italic">Competition and Consumer Act 2010</span><span>);</span></p><p class="Tablea"><span>(b) a person who:</span></p><p class="Tablei"><span>(i) is referred to in subsection</span><span> </span><span>27(1) of that Act; and</span></p><p class="Tablei"><span>(ii) is an SES employee or acting SES employee in the Commission</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The Australian Prudential Regulation Authority (</span><span style="font-weight:bold; font-style:italic">APRA</span><span>)</span></p></td><td style="width:109.7pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The Chair of APRA</span></p></td><td style="width:135.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Each of the following:</span></p><p class="Tablea"><span>(a) an APRA member (within the meaning of the </span><span style="font-style:italic">Australian Prudential Regulation Authority Act 1998</span><span>);</span></p><p class="Tablea"><span>(b) a person who:</span></p><p class="Tablei"><span>(i) is an APRA staff member (within the meaning of that Act), other than a person engaged under section</span><span> </span><span>47 of that Act (about consultants and other people engaged to perform services); and</span></p><p class="Tablei"><span>(ii) holds, or is acting in, a position in APRA that is equivalent to, or higher than, a position occupied by an SES employee</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The Australian Securities and Investments Commission (</span><span style="font-weight:bold; font-style:italic">ASIC</span><span>)</span></p></td><td style="width:109.7pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The Chairperson of ASIC</span></p></td><td style="width:135.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Each of the following:</span></p><p class="Tablea"><span>(a) a member of ASIC (within the meaning of the </span><span style="font-style:italic">Australian Securities and Investments Commission Act 2001</span><span>);</span></p><p class="Tablea"><span>(b) a senior staff member (within the meaning of that Act), other than a person engaged under subsection</span><span> </span><span>121(1) of that Act (about consultants etc.);</span></p><p class="Tablea"><span>(c) an SES employee or acting SES employee who is seconded to ASIC under section</span><span> </span><span>122 of that Act</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>AUSTRAC</span></p></td><td style="width:109.7pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The Chief Executive Officer of AUSTRAC</span></p></td><td style="width:135.75pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>A person who:</span></p><p class="Tablea"><span>(a) is covered by the definition of </span><span style="font-weight:bold; font-style:italic">AUSTRAC entrusted person</span><span> in section</span><span> </span><span>5 of the </span><span style="font-style:italic">Anti</span><span style="font-style:italic">‑</span><span style="font-style:italic">Money Laundering and Counter</span><span style="font-style:italic">‑</span><span style="font-style:italic">Terrorism Financing Act 2006</span><span>, other than a person covered by paragraph</span><span> </span><span>(c), (e) or (g) of that definition; and</span></p><p class="Tablea"><span>(b) despite paragraph</span><span> </span><span>(a) of this table item, is not a person covered by paragraph</span><span> </span><span>225(3)(g) of that Act; and</span></p><p class="Tablea"><span>(c) either:</span></p><p class="Tablei"><span>(i) is an SES employee or acting SES employee in AUSTRAC; or</span></p><p class="Tablei"><span>(ii) holds, or is acting in, a position in AUSTRAC that is equivalent to, or higher than, a position occupied by an SES employee</span></p></td></tr></tbody></table>