Banking Executive Accountability Regime (BEAR) — pre-FAR
BEAR superseded by FAR for banks 15 March 2024; historical exposure remains.
Who must comply
ADIs + senior executives (historical for conduct pre-15 March 2024).
What triggers it
Conduct during BEAR period.
When due
Historical compliance reporting.
Evidence required
BEAR accountability statements; deferred remuneration records.
Max penalty
Civil penalties under former Banking Act provisions
Summary
BEAR (in force 2018) applied to ADIs from 1 July 2018; required registration of accountable persons, deferred remuneration + breach reporting. Replaced by FAR for banking 15 March 2024. Historical conduct under BEAR remains enforceable.
Enforced by
Source legislation
Industries
Topics
Related obligations
Frequently asked questions
- Who must comply with Banking Executive Accountability Regime (BEAR) — pre-FAR?
- ADIs + senior executives (historical for conduct pre-15 March 2024).
- What triggers Banking Executive Accountability Regime (BEAR) — pre-FAR?
- Conduct during BEAR period.
- When is Banking Executive Accountability Regime (BEAR) — pre-FAR due?
- Historical compliance reporting.
- What is the maximum penalty for Banking Executive Accountability Regime (BEAR) — pre-FAR?
- Civil penalties under former Banking Act provisions
- What evidence is required for Banking Executive Accountability Regime (BEAR) — pre-FAR?
- BEAR accountability statements; deferred remuneration records.
Source: https://apra.gov.au/banking-executive-accountability-regime-bear. Rules Mate is not a law firm. Always verify against the live regulator source before acting.