Commonwealth Consolidated Acts Commonwealth Consolidated ActsWithout limiting what constitutes the taking of reasonable steps in relation to a matter for the purposes of this Part, the taking of reasonable steps in relation to that matter includes:
(a) having appropriate governance, control and risk management in relation to that matter; and
(b) having safeguards against inappropriate delegations of responsibility in relation to that matter; and
(c) having appropriate procedures for identifying and remediating problems that arise or may arise in relation to that matter; and
(d) taking appropriate action in response to non - compliance, or suspected non - compliance, in relation to that matter.