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 11 December 2020, APRA released an information paper detailing the findings from its review of the implementation of the Banking Executive Accountability Regime by three of Australia’s largest ADIs.
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.
Submitting in APRA Connect
For guidance in making BEAR submissions in APRA Connect, please refer to the APRA Connect Support Material page.
Legislation and explanatory notes
Accompanying legislative instrument determining large, medium and small authorised deposit-taking institution
- Banking Executive Accountability Regime (Size of an Authorised Deposit-taking Institution) Determination 2021
- Explanatory Statement for Size of ADIs
Other legislative instruments
- Banking (executive accountability regime) determination No.1 of 2019
- Banking (BEAR) determination No. 1 of 2020