APRA CPS 230 para 60 (notify APRA: critical operations and offshoring)

Clocks: (a) as soon as possible and within 20 business days of signing, or materially changing, an agreement for a service the entity relies on to carry out a critical operation; and (b) before entering into any material offshoring arrangement, or when a significant change to such an arrangement is proposed, including where personnel or data used for the service will sit offshore. A material offshoring arrangement is a material arrangement whose service is performed outside Australia, even if the provider is Australian-incorporated; a foreign-incorporated provider performing the service in Australia is not offshoring.