What bodies are regulated by APRA?
Banks: APRA regulates all Authorised Deposit-taking Institutions (ADIs) in Australia, including banks, building societies, credit unions and foreign subsidiaries.
Credit Unions: APRA oversees all credit unions in Australia, including those that are incorporated under state or federal legislation.
Building Societies: APRA regulates all building societies in Australia, including those that are incorporated under state or federal legislation.
General Insurance and Reinsurance Companies: APRA oversees all general insurance and reinsurance companies in Australia, including those that are incorporated under state or federal legislation.
Life Insurers: APRA oversees all life insurers in Australia, including those that are incorporated under state or federal legislation.
Private Health Insurers: APRA oversees all private health insurers in Australia, including those that are incorporated under state or federal legislation.
Friendly Societies: APRA oversees all friendly societies in Australia, including those that are incorporated under state or federal legislation.
Superannuation Industry: APRA regulates a large part of the superannuation industry, including superannuation funds, retirement savings accounts, and self-managed superannuation funds.
Useful References
Official Guides
- What Australian national authorities regulate the provision of financial products and services
- What activities does each national financial services authority regulate?
- What products does each national financial services authority regulate?
- What are gatekeepers in the regulatory structure?
- What are the duties of directors and senior managers?
Answers
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