FAR deferred remuneration arrangements (40% deferral 4 years)
FAR accountable persons must have 40% of variable remuneration deferred 4 years.
Who must comply
FAR-regulated entities + accountable persons.
What triggers it
Being a FAR accountable person.
When due
Continuous; remuneration arrangements per FAR.
Evidence required
Remuneration agreement showing 40% deferral + 4-year period; consequences clause.
Max penalty
Civil penalties + APRA + ASIC enforcement
Summary
FAR Act 2023 requires deferred remuneration arrangements — at least 40% of accountable person's variable remuneration deferred for at least 4 years (banking + insurance + super entities). Variable remuneration can be reduced or forfeited for accountability breaches.
Enforced by
Source legislation
Industries
Topics
Source: https://apra.gov.au/financial-accountability-regime. Rules Mate is not a law firm. Always verify against the live regulator source before acting.