Australian Prudential Regulation Authority (APRA)

What is Australian Prudential Regulation Authority (APRA)?

Australian Prudential Regulation Authority (APRA) is The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies, and most members of the superannuation industry. APRA is funded largely by the industries that it supervises. It was established on 1 July 1998. As at the 30th June 2005, APRA supervises institutions holding approximately $2.0 trillion in assets for approximately 20 million Australian depositors, policyholders and superannuation fund members.

 

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