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APRA CPS 230 para 48 (register of material service providers)
The entity must identify its material service providers, keep a register of them and manage the material risks of using them. A material service provider (or material arrangement) is one the entity relies on to carry out a critical operation or one that exposes it to material operational risk; it may be an unrelated third party, a related party or a connected entity, and materiality may come from one arrangement or several taken together.
Steps that cite it
- KC-07 S1 Is it a material arrangement?
Evidence commonly asked for
- Register of material service providers with service, critical operation supported and materiality rationale
- Materiality assessments covering related parties and aggregated arrangements
- Risk assessments and treatment plans per material provider
Accepted citation forms are listed on the answer format page.