RG 279
Financial Accountability Regime: Information for accountable entities
Issued 11 July 2024. This ASIC-APRA joint information paper (also referred to as RG 279) helps accountable entities and their accountable persons understand and comply with their obligations under the FAR.
In plain English
RG 279 explains the Financial Accountability Regime (FAR) for accountable entities and their accountable persons.
RG 279, issued 11 July 2024, is from ASIC and APRA. It helps accountable entities and accountable persons understand and meet their FAR obligations. The FAR aims to improve accountability for misconduct. It applies to entities designated as accountable. It clarifies roles and responsibilities.
Why it matters
If your business is an accountable entity, RG 279 clarifies your responsibilities under the FAR. Understand your obligations to avoid potential compliance issues and maintain good governance.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-279-financial-accountability-regime-information-for-accountable-entities/. Rules Mate indexes + summarises; always verify against the regulator's live publication.