The Australian Prudential Regulation Authority Press Releases - EIN Presswire

Published on February 27, 2025 - 06:08 GMT

Opening Statement to Senate Economics Legislation Committee – February 2025

Thank you for the opportunity to appear before you today. APRA is pleased to confirm to you and the Australian community that our financial system remains resilient and stable, supported by a well-developed regulatory framework and pre-emptive management …

Distribution channels: Banking, Finance & Investment Industry

Published on February 27, 2025 - 06:07 GMT

APRA releases superannuation statistics for December 2024

The Australian Prudential Regulation Authority (APRA) has released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the December 2024 quarter. Key statistics for the superannuation industry as at 31 …

Distribution channels: Banking, Finance & Investment Industry

Published on February 27, 2025 - 06:07 GMT

APRA confirms consultation on changes to capital requirements for annuity products

The Australian Prudential Regulation Authority (APRA) has confirmed it will proceed with a public consultation on capital settings for annuity products. This aligns with APRA’s goal to support life insurers to increase the availability of retirement …

Distribution channels: Banking, Finance & Investment Industry

Published on February 20, 2025 - 04:04 GMT

APRA proposes updated approach to treatment of HELP debts

The Australian Prudential Regulation Authority (APRA) has begun consulting on proposed changes to how banks treat Higher Education Loan Program (HELP) debt repayments when assessing home loan applications. As the prudential regulator of the Australian …

Distribution channels: Banking, Finance & Investment Industry

Published on February 19, 2025 - 06:49 GMT

APRA statement on BUSSQ Federal Court appeal

Australian Prudential Regulation Authority (APRA) imposed additional licence conditions on BUSS (Queensland) Pty Ltd as the trustee for The Building Unions Superannuation Scheme (Queensland) (BUSSQ) in August 2024 to safeguard the interests of members, to …

Distribution channels: Banking, Finance & Investment Industry

Published on February 19, 2025 - 00:46 GMT

APRA rescinds information paper on cloud outsourcing and ceases ad hoc credit reporting collection

The Australian Prudential Regulation Authority (APRA) has confirmed two further steps to simplify the prudential framework. First, APRA has today rescinded the 2018 Information Paper “Outsourcing Involving Cloud Computing Services” in light of Prudential …

Distribution channels: Banking, Finance & Investment Industry

Published on February 11, 2025 - 04:31 GMT

APRA Deputy Chair Margaret Cole - Remarks to the Conexus Chair Forum

Thank you and good afternoon everyone. It’s good to be here – and to be joined by Simone Constant – to discuss APRA and ASIC’s priorities for 2025. I want to focus my remarks on governance, an area that is fundamental to your roles as Chairs and an area of …

Distribution channels: Banking, Finance & Investment Industry

Published on February 11, 2025 - 04:30 GMT

APRA revokes Lutheran Laypeople's League of Australia's banking licence

Media enquiries Contact APRA Media Unit, on +61 2 9210 3636 All other enquiries For more information contact APRA on 1300 558 849. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It …

Distribution channels: Banking, Finance & Investment Industry

Published on February 10, 2025 - 22:54 GMT

APRA accepts court enforceable undertaking from Cbus and launches investigation

The Australian Prudential Regulation Authority (APRA) has taken further action to address material prudential concerns identified with United Super Pty Ltd (United Super) and to support improved outcomes for its members. United Super is the trustee for …

Distribution channels: Banking, Finance & Investment Industry

Published on February 5, 2025 - 04:46 GMT

APRA Executive Board Member Suzanne Smith – Speech to the Members Health Directors’ Professional Development Program

Hello and thank you for the invitation to address this valuable forum. Good health is essential to our lives, communities, and future. The important role of private health insurance cannot be overstated, and the sector plays an important role in …

Distribution channels: Banking, Finance & Investment Industry

Published on January 31, 2025 - 08:59 GMT

Federal Court dismisses BUSSQ’s judicial review application

The Federal Court of Australia has today dismissed the judicial review application of BUSS (Queensland) Pty Ltd (BUSSQ), which sought to set aside APRA’s decision to impose additional licence conditions on BUSSQ, announced on 14 August 2024. The …

Distribution channels: Banking, Finance & Investment Industry

Published on January 31, 2025 - 03:47 GMT

APRA releases updates to its APRA Connect taxonomy artefacts page

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Published on January 31, 2025 - 03:44 GMT

APRA releases Monthly Authorised Deposit-taking Institution Statistics for December 2024

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Published on January 30, 2025 - 15:33 GMT

APRA Deputy Chair Margaret Cole - Remarks to the Conexus Chair Forum Sorrento

Thank you and good afternoon everyone. It’s good to be here – and to be joined by Simone Constant – to discuss APRA and ASIC’s priorities for 2025. I want to focus my remarks on governance, an area that is fundamental to your roles as Chairs and an area of …

Distribution channels: Banking, Finance & Investment Industry

Published on January 30, 2025 - 03:51 GMT

APRA increases transparency with enhancements to annual superannuation publications

The Australian Prudential Regulatory Authority (APRA) has published its annual superannuation statistics publications for 2024. For the first time, these annual publications include fund-level expenditure and detailed insurance data which will form part of …

Distribution channels: Banking, Finance & Investment Industry

Published on January 20, 2025 - 07:48 GMT

APRA and ASIC release notes on Superannuation CEO Roundtables - November and December 2024

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are releasing the public notes on the Superannuation CEO Roundtables held on Monday 25 November and Thursday 5 December 2024. The …

Distribution channels: Banking, Finance & Investment Industry

Published on January 2, 2025 - 05:51 GMT

APRA releases Monthly Authorised Deposit-taking Institution Statistics for November 2024

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Published on December 16, 2024 - 23:30 GMT

APRA review highlights the need for improved valuation and liquidity risk governance in superannuation

The Australian Prudential Regulation Authority (APRA) has released findings from a review into superannuation trustees’ progress in implementing enhanced valuation governance and liquidity risk management requirements. The findings will help trustees in …

Distribution channels: Banking, Finance & Investment Industry

Published on December 16, 2024 - 03:38 GMT