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Australian Prudential Regulation Authority Act 1998
In force
Administered by
Department of the Treasury
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C2023C00266 (C49)
21 September 2023
-
19 October 2023
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Part 1—Preliminary
1 Short title
2 Commencement
3 Definitions
4 Act binds the Crown
5 External Territories
6 Application of Criminal Code
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Part 2—Establishment, functions and powers of APRA
7 Establishment of APRA
8 Purpose for establishing APRA
8A Trans Tasman cooperation
9 APRA’s functions
9A Conferral of functions by State or Territory laws or by agreements
10 Advice to the Minister
10A Cooperation with other agencies
10B Cooperation with ASIC
11 APRA’s powers
11A APRA’s liabilities are Commonwealth liabilities
12 Directions by Minister respecting APRA policies and priorities
12A Chair not subject to direction by APRA on certain matters
13 APRA is a body corporate
15 Delegation by APRA
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Part 3—APRA membership and other corporate matters
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Division 1—Membership
16 Appointment of APRA members
17 Restrictions on appointment
18 Appointment of Chair and Deputy Chairs
19 Acting appointments
Division 2—Terms and conditions for APRA members
20 Term of office as an APRA member
21 Term of office as Chair or a Deputy Chair
22 Remuneration and allowances
23 Leave of absence
24 Resignation
25 Termination of appointment
26 Other terms and conditions
Division 3—APRA meetings
27 Times and places of meetings
28 Quorum
29 Who is to preside at meetings
30 Voting at meetings
31 Conduct of meetings
32 APRA resolutions without meetings
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Part 4—APRA staff members
45 Appointment of permanent, temporary and casual staff
46 Staff seconded to APRA
47 Consultants and other people engaged to perform services
48 Appointments of person appointed to perform specific roles
48AA Delegation by Chair
48AB APRA Values
48AC APRA Code of Conduct
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Part 4A—Disclosure of interests of APRA members, APRA staff members and delegates
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Division 1—Disclosure of interests of APRA members
48A Standing obligation to disclose interests
48B Obligation to disclose interests before deciding a particular matter
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Division 2—Disclosure of interests of APRA staff members and delegates
48D The Chair to ensure adequate disclosure of interests requirements apply to APRA staff members and delegates
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Division 3—Miscellaneous
48E Application of section 29 of the Public Governance, Performance and Accountability Act 2013
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Part 5—Financial and taxation matters
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Division 1—APRA’s finances and the APRA Special Account
50 APRA’s share of levy money
51 Charges for APRA’s services etc.
52 Australian Prudential Regulation Authority Special Account
53 Credits to the APRA Special Account
54 Purposes of the APRA Special Account
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Division 2—Financial Claims Scheme Special Account and related borrowing
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Subdivision A—Financial Claims Scheme Special Account
54A Financial Claims Scheme Special Account
54B Credits to the Financial Claims Scheme Special Account
54C Purposes of the Financial Claims Scheme Special Account
54D Debits to reflect reduced amounts specified in declarations
Subdivision B—Borrowing for payments from the Financial Claims Scheme Special Account
54E Borrowing
Division 2A—Collapsed insurer special account
54F Private Health Insurance Collapsed Insurer Special Account
54G Credits to the Collapsed Insurer Special Account
54H Purposes of the Collapsed Insurer Special Account
Division 3—Taxation of APRA
55 Liability to taxation
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Part 5A—Giving information etc. to ASIC
55A ASIC may request information or documents
55B APRA must comply with request
55C Information and documents covered by request
55D Notifying ASIC of reasonable belief of material breach of ASIC provisions
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Part 6—Secrecy
56 Secrecy—general obligations
57 Determination of confidentiality
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Part 7—Miscellaneous
58 Protection from liability
58A Proceedings at examination
59 Annual reports
60 Regulations
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Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history