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Australian Prudential Regulation Authority (APRA)

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The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation, and is accountable to the Australian Parliament.

Prudential regulation is concerned with maintaining the safety and soundness of financial institutions, so that the community can have confidence that they will meet their financial commitments under all reasonable circumstances.

APRA oversees:

  • authorised deposit-taking institutions (such as banks, building societies and credit unions)
  • general insurers
  • life insurers
  • friendly societies
  • private health insurers
  • reinsurance companies, and
  • superannuation funds (other than self-managed funds).