APRA is the prudential regulator of banks, credit unions, building societies, insurance companies, friendly societies and superannuation funds.

APRA is a statutory authority. Its Executive Group of three members appointed by the Treasurer, are responsible for determining goals, priorities and strategies.  

Dr John Laker, Chairman
BEcon (Hons 1) (Syd), MSc PhD (London)

Dr Laker was appointed as a Member and Chairman of APRA on 1 July 2003, and was reappointed for a second five-year term commencing 1 July 2008.  

Dr Laker worked in the Commonwealth Treasury and International Monetary Fund before joining the Reserve Bank of Australia (RBA) in 1982.  He held senior positions in the economic, bank supervision and international areas before becoming the RBA’s London-based Chief Representative in Europe from 1991 to 1993. On his return to Australia, Dr Laker took up the position of Assistant Governor (Corporate Services) and, in 1998, was appointed Assistant Governor (Financial System) and Deputy Chair of the RBA's Payments System Board.  Dr Laker is APRA’s representative on the Payments System Board, the Council of Financial regulators and the Trans-Tasman Council on Banking Supervision.  Dr Laker was made an Officer of the Order of Australia on Australia Day 2008 for services to the regulation of the Australian financial system and to the development and implementation of economic policies nationally and internationally.

Ross Jones was appointed Deputy Chairman and Member of APRA for a five-year term commencing 1 July 2003 and was reappointed for another five-year term, commencing 1 July 2008. Within APRA he takes principal responsibility for superannuation/private pensions and chairs APRA's Enforcement Committee. He is President of the International Organisation of Pension Supervisors, a group whose members include pension supervisors and regulators from more than 70 countries. He is also Vice Chairman of the OECD Working Party on Private Pensions and was a member of the Singapore Central Provident Fund Advisory Panel. Prior to joining APRA, Ross was a Commissioner of the Australian Competition and Consumer Commission. He was also an Associate Professor in the School of Finance and Economics at the University of Technology, Sydney for a number of years.

Mr Ian Laughlin, Member
B.Sc FIA FIAA FAICD

Mr Laughlin was appointed as a Member of APRA on 1 July 2010 for a three-year term.

Mr Laughlin has extensive experience in the financial services industry. He has been a non-executive director of AMP Life Limited, serving as chairman of its Board Audit Committee, Managing Director of the United Kingdom life insurance subsidiaries of AMP (Pearl, London Life and NPI), director of HHG plc, and non-executive director of Diligenta Ltd in the UK. Before then, he held senior management positions in AMP, Suncorp and National Mutual, in Australia, New Zealand and Hong Kong.

Mr Laughlin is a qualified actuary and has served on the Council of the Institute of Actuaries of Australia.