CPS 520
Fit and Proper
Fit + proper assessments for accountable persons + responsible persons.
In plain English
This guidance explains the requirements for assessing the 'fit and proper' status of accountable and responsible persons.
APRA’s guidance CPS 520 outlines expectations for assessing the 'fit and proper' status of accountable persons and responsible persons. This applies to ADIs, RSEs, and other APRA-regulated entities. It ensures individuals in key roles meet standards of competence, honesty, integrity, and financial stability. The guidance is available on the APRA website.
Why it matters
Directors and senior managers must demonstrate they are 'fit and proper'. This impacts your business’s reputation and regulatory standing. Ensure your assessment processes align with APRA’s expectations.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
APRA →Topics
Source: https://www.apra.gov.au. Rules Mate indexes + summarises; always verify against the regulator's live publication.