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Banking Executive Accountability Regime
The Banking Executive Accountability Regime (BEAR), set out in Part IIAA of the Banking Act 1959, establishes accountability obligations for authorised deposit-taking institutions (ADIs) and their senior executives and directors. The regime also establishes, among other things, deferred remuneration, key personnel and notification obligations for ADIs.
The regime is administered by APRA.
On 17 October 2018, APRA released an information paper to assist ADIs to meet their obligations under the BEAR.
On 23 October 2018, an updated information paper and accompanying accountability statement template were released to incorporate minor amendments to formatting.
Template and forms
Legislation and explanatory notes
For transitional arrangements, refer to Schedule 1, Part 3 of the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Act 2018.
Accompanying legislative instrument determining large, medium and small ADI
- Banking Executive Accountability Regime (Size of an Authorised Deposit-taking Institution) Determination 2018
- Explanatory Statement for Size of ADIs