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APRA Annual Report 2013 - Chapter 8

Statutory Report

Statutory Reporting Requirements
 
APRA reports in accordance with the following Commonwealth legislation and other requirements:
  • Australian Prudential Regulation Authority Act 1998;
  • Environment Protection and Biodiversity Conservation Act 1999;
  • Equal Employment Opportunity (Commonwealth Authorities) Act 1987;
  • Freedom of Information Act 1982;
  • Work Health and Safety Act 2011;
  • Commonwealth Fraud Control Guidelines; and
  • Requirements for annual reports for departments, executive agencies and FMA Act bodies.
APRA's financial arrangements are also subject to the Financial Management and Accountability Act 1997.
 
Australian Prudential Regulation Authority Act 1998 (APRA Act)
 
Section 59 of the APRA Act requires APRA to report on:
  • the activities of ADI statutory managers within the meaning of the Banking Act 1959 and persons conducting investigations under Division 2 of Part II and section 61 of that Act;
  • the operation of Division 2AA (Financial Claims Scheme for account-holders with insolvent ADIs) of Part II of the Banking Act 1959;
  • the operation of Part VC (Financial Claims Scheme for policyholders with insolvent general insurers) of the Insurance Act 1973;
  • the number of times during the year that APRA determined, under subsection 13(1) of the Financial Sector (Collection of Data) Act 2001 , a reporting standard that is not a legislative instrument; and
  • the exercise during the year of APRA's powers under Part 15 of the Retirement Savings Accounts Act 1997 (RSA Act) and Part 29 of the Superannuation Industry (Supervision) Act 1993 (SIS Act).
APRA did not appoint any ADI statutory managers or persons to conduct an investigation under Division 2 of Part II or section 61 of the Banking Act 1959 during 2012/13. There were no continuing appointments during the year.
 
There were no schemes in operation under Division 2AA of Part II of the Banking Act 1959.
 
On 15 October 2009, the Minister made a declaration under section 62ZZC of the Insurance Act 1973 that Division 3 of Part VC of that Act applied in relation to a general insurer.1 Payments totaling $50,627.61 were made from the Financial Claims Scheme Special Account in 2012/13 to satisfy claims against the general insurer.
 
APRA did not determine any reporting standards under subsection 13(1) of the Financial Sector (Collection of Data) Act 2001 during 2012/13 that were not legislative instruments.
 
APRA did not exercise its powers under Part 15 of the RSA Act in 2012/13.
 
1 Australian Family Assurance limited (in liquidation)
 
APRA exercised its powers under Part 29 of the SIS Act in relation to particular entities or persons as set out below:
 
Exemption number Date Provision of SIS Act/regulations exempted
A8 of 2012 11/09/2012 Regulations 9.08, 9.09, 917, 9.23, 9.24, 9.29 and 9.30
A9 of 2012 30/07/2012 Regulations 9.04D(1) and 9.04I(1)
A11 of 2012 02/11/2012 Regulations 9.29A(2) and 9.30(2)
A12 of 2012 14/11/2012 Regulation 5.17
A13 of 2012 16/11/2012 Regulation 1317A
A14 of 2012 21/12/2012 Section 93(3)(a)(ii)
A1 of 2013 09/04/2013 Regulation 7.04(3)
A2 of 2013 09/04/2013 Regulation 7.04
A3 of 2013 29/04/2013 Regulation 9.04D(1)
A4 of 2013 29/04/2013 Regulations 9.04D(1) and 9.04I(1)
A5 of 2013 06/05/2013 Regulation 9.29(1) and 9.30
A6 of 2013 28/06/2013 Section 93(4)
 
Modification declaration number Date Provision of SIS regulations modified
A15 of 2012 02/08/2012 Regulation 6.34
A18 of 2012 24/08/2012 Regulation 617(2)
A19 of 2012 26/10/2012 Regulation 1.07D
A20 of 2012 26/10/2012 Regulations 1.06(9A)(a) and 1.07D
A21 of 2012 14/11/2012 Regulation 1.07D
A22 of 2012 14/11/2012 Regulations 1.06(9A)(a) and 1.07D
A23 of 2012 14/11/2012 Regulations 6.20A, 7A.03J, 7A.03K, 7A.12 and 7A.13
A24 of 2012 27/11/2012 Regulation 617(2)(a)(i)
A1 of 2013 04/01/2013 Regulation 1.03
A2 of 2013 05/02/2013 Section 93(4)
A3 of 2013 05/02/2013 Section 89(2)
A4 of 2013 28/02/2013 Regulation 9.04D
No. 1 of 2013 28/06/2013 Regulation 9.292
 
2 This was an exercise of powers in relation to a class of trustees.
 
Environment Protection and Biodiversity Conservation Act 1999
 
Ecologically sustainable development and environmental performance
 
APRA's Environmental Policy Statement reinforces its commitment to operating in an ecologically sustainable manner and APRA continues to take practical steps to reduce its environmental impact. Measures include zone-controlled lighting; energy-efficient power management settings on office equipment; recycling of paper, cardboard, office furniture and printer cartridges; and fostering staff awareness on environmental issues.
 
APRA has an Environmental Issues Subgroup (EIS) that examines environmental issues in APRA's day-to-day operations referred to it by staff, as well as areas where APRA could reduce wastage and carbon emissions. During 2012/13, the EIS was active in encouraging recycling and continuing to provide education about environmental alternatives.
 
APRA will continue to make improvements in its environmental management and, where possible, adopt environmentally friendly options.
 
EEO staff data - staff diversity as at 30 June 20133
 
Level Female Male ATSI NESB1 NESB2 PWD
Level 1 18 14 0 13 0 1
Level 2 65 32 0 17 1 1
Level 3 85 81 0 61 3 0
Level 4 77 144 1 48 2 3
Senior 22 73 0 10 2 3
Executive 1 6 0 1 0 0
Total 268 350 1 150 8 8
 
3 Includes permanent and fixed-term staff but excludes casuals.
 
ATSI Aboriginal and Torres Strait Islander
 
NESB1 Non-English-speaking background, first generation
 
NESB2 Non-English-speaking background, second generation
 
PWD People with disability
 
Equal Employment Opportunity (Commonwealth Authorities) Act 1987 (EEO Act)
 
Workplace diversity program report
 
APRA has maintained an active approach to meeting its responsibilities under the EEO Act through a comprehensive workplace diversity strategy. Female staff increasingly occupy senior positions and more than 25 per cent of APRA staff members come from a first generation non-English speaking background.
 
APRA encourages staff to balance their work and personal commitments. In line with this, APRA offers a range of flexible work arrangements to ensure that there is a culture supportive of a diverse workforce.
 
APRA's membership of Diversity Council Australia (DCA), an independent, not-for-profit diversity adviser to business, enables it to remain current and consistent with industry benchmarks on workplace diversity. APRA works with DCA to ensure that the Staff Consultative Group and select members of Human Resources are trained in the important role of Contact Officers and are available to provide confidential and impartial assistance to any staff with workplace diversity concerns.
 
Responses to questions on diversity in APRA's 2013 Staff Engagement Survey highlighted that APRA continues to successfully foster a supportive and flexible workplace that values and utilises the contribution of people of different backgrounds, experiences, perspectives and abilities. The key questions on diversity were:
  • management of APRA supports diversity in the workplace - 85 per cent of responses were favourable, which is seven per cent better than the overall norm for Australia and nine per cent better than the Australian public sector norm;
  • all employees are treated with respect, regardless of their role - 79 per cent of responses were favourable, which is six per cent better than the overall norm for Australia and nine per cent better than the Australian public sector norm;
  • staff are encouraged to balance their work life and their personal life - 83 per cent of responses were favourable, which is 23 per cent better than the overall norm for Australia; and
  • APRA provides a work environment free of discrimination and harassment - 85 per cent of responses were favourable, which is 13 per cent better than both the overall norm for Australia and the Australian public sector norm.
Freedom of Information Act 1982 (FOI Act)
 
The FOI Act provides the public with a general right of access to documents held by Commonwealth agencies, including APRA. This general right is limited by exceptions needed to protect essential public interests or the privacy and business affairs of those who give information to APRA or the Commonwealth.
 
In 2012/13, APRA dealt with 58 applications for access to documents under the FOI Act and six applications for internal review. Of the 58, 11 were on hand at the beginning of the period and the other 47 were new applications. Six applicants disagreed with nine of APRA's decisions on access to documents and applied to the Information Commissioner for review under Part VII of the FOI Act. Of the nine, one application was withdrawn, the Commissioner decided not to undertake a review of one other and has yet to determine the remaining seven applications. Of the four applications to the Commissioner that were outstanding from 2011/12, one was withdrawn and the Commissioner affirmed a decision made by APRA in another. The Commissioner has yet to determine the other two applications.
 
During the year, the FOI applications for access were dealt with as follows:
 
Outcome Number of Applications
Granted in full 6
Granted in part 6
Access refused 35
Withdrawn 7
Transferred to another agency 0
On hand at 30 June 2013 4
Total 58
 
Charges collected were $48 and the estimated cost of handling initial FOI requests and internal review requests in 2012/13 was approximately $48,165.
 
Information Publication Scheme
 
Part II of the FOI Act requires APRA to publish information as part of the Information Publication Scheme (the Scheme). APRA's Information Publication Plan shows the information APRA publishes in accordance with the Scheme requirements and is accessible from the APRA website.
 
Work Health and Safety Act 2011 (WHS ACT)
 
The financial year ended 30 June 2013 is the first full year of reporting under the WHS Act, which replaced the Occupational Health and Safety Act 1988 on 1 January 2012.
 
Details of investigations and other matters as prescribed
 
In compliance with reporting obligations under Schedule 2, Part 4 of the WHS Act, there were:
  • no notifiable incidents arising out of the conduct of business of APRA;
  • no investigations conducted during the year that related to undertakings carried on by APRA;
  • no tests conducted on any plant, substance or thing in the course of such investigations;
  • no directions to APRA by an investigator that the workplace not be disturbed; and
  • no prohibition or improvements and provisional notices given to APRA.
Work, health and safety measures
 
APRA undertook a number of work, health and safety measures during 2012/13 to safeguard the health and safety of its staff and visitors. These measures included:
  • availability of comprehensive health assessments for senior staff and staff aged over 40;
  • availability of cardiac risk assessment for all other staff;
  • an annual flu vaccination program;
  • ergonomic assessments and presentations;
  • employee assistance program;
  • provision of first aid services in all APRA offices;
  • the development of APRA's first Mental Health and Wellbeing Strategy;
  • staff-elected Work Health and Safety Representatives; and
  • an active and responsive Work Health and Safety Committee.
WHS policies including establishment of staff committees and selection of health and safety representatives
 
APRA has arrangements for consultation on all occupational health and safety issues, including maintenance of the WHS Committee with four staff and four management representatives.
 
The WHS Committee satisfies legislative requirements, including meeting at least every three months and providing all staff with access to minutes of the meetings.
 
Health and safety outcomes
 
The number of workers compensation claims submitted by current employees fell from four in 2011/12 to two in 2012/13. In addition, two retrospective claims were made during the year by former employees.
 
APRA's health and wellbeing program has helped to ensure that personal leave, which includes leave for personal illness and carer's leave, is not taken beyond a reasonable level. In the calendar year 2012, APRA staff were absent for an average of 6.9 days personal leave per person. This compares well to the overall public sector average of 10.3 days personal leave and the 'all industry' average of 8.8 days.
 
Statistics requiring the giving of notice under Part 3 of the WHS Act
 
During the year there were no incidents notified to APRA that required a report to Comcare under Part 3 of the WHS Act.
 
Other Reporting
 
Advertising and market research
 
The Commonwealth Electoral Act 1918 requires Commonwealth agencies to report annually on the amounts paid to advertising agencies, market research and media advertising organisations. In 2012/13, APRA paid $117,639 for recruitment advertising, of which $53,438 was paid to Adcorp Australia Ltd and $39,967 to Linkedin Australia Limited. APRA did not conduct any advertising campaigns during 2012/13.
 
APRA also paid $47,445 to Australian Survey Research Pty Ltd in 2012/13 for the Stakeholder Survey.
 
Agency resources and expenses by outcome
 
See pages 177-178.
 
Auditor-General's activities
 
The Australian National Audit Office (ANAO) undertook the required statutory financial audit of APRA for 2012/13. The ANAO also undertook a performance audit, Determination and Collection of Financial Industry Levies: APRA and the Treasury (see page 82). The report of this audit is expected to be tabled in the Spring 2013 session of Parliament.
 
Collective Agreements and common law contracts
 
As at 30 June 2013, 516 staff were covered by the terms of the APRA Employment Agreement, 2011. Ninety-nine senior staff were covered by common law agreements.
 
All staff are appointed under the APRA Act 1998. APRA applies a total remuneration package (TRP) approach whereby all salary, superannuation and 'salary sacrifice' benefits are included in an employee's TRP.
 
The TRP pay ranges for non-executive staff as at 30 June 2013 were:
 
Class Benefits
Level 4 $116,500 - $194,100
Level 3 $82,100 - $136,800
Level 2 $54,912 - $91,520
Level 1 $38,272 - $63,752
 
The APRA Employment Agreement, 2011 expires on 30 June 2014. Preparation and negotiations for a new APRA employment agreement will commence in late 2013.
 
Commonwealth Fraud Control Guidelines
 
The Chairman of APRA certifies that he is satisfied that:
  • fraud risk assessments and fraud control plans have been prepared that meet APRA's needs and comply with the Commonwealth Fraud Control Guidelines;
  • appropriate fraud prevention, detection, investigation, reporting and data collection procedures and processes are in place; and
  • APRA has taken all reasonable measures to minimise the incidence of fraud and to investigate and recover any proceeds of fraud.
Commonwealth Ombudsman
 
In 2012/13, the Commonwealth Ombudsman did not conduct any investigation into APRA's conduct.
 
Commonwealth Procurement Rules
 
The APRA Chairman's Finance Instructions and Financial Policies, and associated operational procedures, ensure that APRA's procurement process complies with the Commonwealth Procurement Rules (CPRs). In particular, they ensure that the core procurement principle of value for money is observed.
 
As an FMA Act agency, APRA conducts its procurement processes within the CPRs, including but not limited to:
  • conducting open tenders for procurement activities of more than $80,000 (unless otherwise exempted under the CPRs);
  • reporting all procurements over $10,000 on AusTender; and
  • reporting all purchases over $100,000 on APRA's website.
In 2012/13, APRA had no AusTender-exempt contracts and all APRA competitively tendered contracts over $100,000 provided for the Auditor-General to have access to the contractor's premises, as required under the CPRs.
 
Consultancies
 
APRA's Chairman's Finance Instructions and Financial Policies, and associated operational procedures, include specific provisions on consultants.
 
APRA engages consultants where it lacks specialist expertise or when independent research, review or assessment is required. Consultants are typically engaged to investigate or diagnose a defined issue or problem; carry out defined reviews or evaluations; or provide independent advice, information or creative solutions to assist in APRA's decision-making.
 
Prior to engaging consultants, APRA takes into account the skills and resources required for the task, the skills available in-house, and the cost-effectiveness of engaging external expertise. The decision to engage a consultant is made in accordance with the FMA Act and related regulations, including the Commonwealth Procurement Rules, and with internal policies.
 
During 2012/13, APRA entered into 14 new consultancy contracts involving total actual expenditure of $274,634. In addition, one ongoing consultancy contract was active during the year, involving total actual expenditure of $58,065.
 
Information on the value of contracts and consultancies is available on the AusTender website www.tenders.gov.au.
 
Consultative arrangements
 
APRA consults extensively with regulated entities, industry bodies and other interested parties prior to formulating or amending prudential policies or finalising prudential standards.
 
APRA complies with the Government's policy on best practice regulation. During 2012/2013, APRA fully met the requirements of the Office of Best Practice Regulation (OBPR) for Regulation Impact Statements (four in number). In addition, APRA completed 16 preliminary assessments, for three of which the OBPR advised that further regulation impact analysis was required.
 
Courts and tribunals
 
Over 2012/13, there were no judicial decisions that had or may have a significant effect on APRA's operations, or any court and tribunal decisions relating to enforcement action taken by APRA during the year.
 
Executive and consultative committees from 1 July 2012 to 30 June 2013
 
Executive Group
 
The Group comprises the APRA Members and it meets formally on a monthly basis, and more frequently as required, to discuss and resolve the major prudential policy, supervisory and strategic issues facing APRA at the time.
 
Management Group
 
This Group comprises the APRA Members and the Executive General Managers and is responsible for high-level information-sharing and decisions on more routine supervisory and organisational matters. It meets weekly or more frequently as required.
 
Leadership Team
 
The Leadership Team, which comprises APRA Members, Executive General Managers and General Managers, meets twice a year to develop APRA's strategic and business plans, to monitor performance against plans and to discuss major operational issues.
 
Steering Groups
 
To strengthen its efficiency and effectiveness and to coordinate decision-making across its different divisions, APRA has three Steering Groups responsible for the prioritisation and implementation of a range of initiatives. These Groups comprise an APRA Member as Chair and relevant Executive General Managers and General Managers. The Groups are:
  • Supervision Steering Group. This Group oversees the development and integration of APRA's supervisory systems, tools and processes.
  • Infrastructure Steering Group. This Group oversees the development of APRA's physical and IT infrastructure and its business, financial and resource planning systems.
  • People and Engagement Steering Group. This Group addresses initiatives on management and leadership, performance management, rewards and recognition, and APRA culture.
Industry groups
 
There are four industry groups, comprising representatives of the various divisions of APRA. They cover APRA's four regulated industries:
  • ADIs;
  • superannuation;
  • general insurance; and
  • life insurance (including friendly societies).
These groups are important fora for identifying and seeking an APRA-wide assessment of emerging industry issues. Their main roles are to monitor industry so as to identify emerging trends and to act as a sounding board for prudential policy issues in the different industries, prior to presentation of these issues to the Executive Group.
 
Licensing Group
 
This Group, comprising representatives from across APRA, seeks to assist supervisors considering licence applications and ensure consistency in licensing practice and application across all APRA-regulated industries. It provides APRA-wide guidance on issues that need to be considered in licensing submissions and, after consideration of an application, recommends to the relevant Executive General Manager action to be taken.
 
Enforcement Committee
 
This Committee comprises an APRA Member as Chair, an Executive General Manager and the General Managers of APRA's enforcement and legal areas. Other APRA staff, including supervision representatives, participate in meetings. The Committee ensures that a whole-of-APRA perspective is brought to potential, and actual, investigation and enforcement actions. The Committee monitors ongoing enforcement actions and provides a forum to ensure a consistent approach is taken to any significant use of coercive powers by areas within APRA.
 
International committees
 
APRA has two committees that coordinate its involvement with international bodies, one for banking and one for insurance. Their purpose is to prioritise resource allocation for APRA's involvement in international activities, coordinate consistent and timely responses to issues raised in the relevant international fora and ensure information from international sources is communicated effectively within APRA. Membership includes senior APRA staff involved in international committee work and also draws on other APRA staff with relevant expertise.
 
Work Health and Safety Committee
 
This Committee, which includes both staff and management representatives, focuses on issues to do with the health, safety and wellbeing of staff and ensures that these are integrated into broader management systems and practices.
 
Staff Consultative Group
 
This Group facilitates communication and consultation with all APRA staff below the senior management level on the terms and conditions of their employment (including the Human Resources Policy Manual) and the impact of these on APRA's organisational culture and values.
 
Security Group
 
This Group is the key forum for maintaining strategic and operational oversight of APRA's security policy, initiatives and their implementation. Its main priority is to develop an over-arching policy and governance strategy on all security matters affecting APRA and to take the measures necessary to implement the strategy.
 
Grant programs
 
Grant programs, including discretionary grant programs, that APRA either jointly administered or participated in during 2012/13 are the:
  • Brian Gray Scholarship;
  • University of New South Wales (UNSW) Cooperative Actuarial Scholarship;
  • Australian Research Council Linkage Grants with UNSW; and
  • sponsorship of PhD research students through the Capital Markets Cooperative Research Centre.
The latter two programs have now closed.
 
Information on the Brian Gray Scholarship program and a list of previous recipients is on APRA's website at: www.apra.gov.au/AboutAPRA/WorkingAtAPRA/Pages/brian-gray-scholarship-program.aspx. Information on other grants awarded by APRA is available on APRA's website at: www.apra.gov.au/AboutAPRA/Pages/grants-and-scholarships.aspx. Information on grants awarded by APRA during 2012/13 is available at www.apra.gov.au/AboutAPRA/Pages/StatutoryReportingRequirements.aspx.
 
Indemnities and insurance premiums
 
APRA Members and officers are covered by the professional indemnity insurance cover of the Commonwealth-managed insurance scheme, Comcover. The generic terms and conditions of the insurance cover provided by Comcover to Commonwealth agencies are available on the Comcover website www.finance.gov.au/comcover. Under the conditions of the cover, APRA is prohibited from disclosing the specific nature and limit of the liabilities covered and the amount of the premium.
 
Legal Services Directions 2005
 
The Legal Services Directions 2005 require Commonwealth agencies to make available publicly information on records of their legal services expenditure for the previous financial year.
 
During 2012/13, APRA's total expenditure on external legal advice and litigation services was $1.90 million (including GST).
 
National Disability Strategy
 
Since 1994, Commonwealth departments and agencies have reported on their performance as policy adviser, purchaser, employer, regulator and provider under the Commonwealth Disability Strategy. In 2007/08, reporting on the employer role was transferred to the Australian Public Service Commission's State of the Service Report and the APS Statistical Bulletin. These reports are available at www.apsc.gov.au. APRA is no longer required to report on its performance under these various roles.
 
The National Disability Strategy 2010 - 2020, which has applied since 2010/11, sets out a ten-year national policy framework to improve the lives of people with disability, promote participation and create a more inclusive society. A high-level two-yearly report will track progress against each of the six outcome areas of the Strategy and present a picture of how people with disability are faring. The first of these reports will be available in 2014 and will be available at www.fahcsia.gov.au. The Social Inclusion Measurement and Reporting Strategy agreed by the Government in December 2009 will also include some reporting on disability matters in the regular How Australia is Faring report. More detail on social inclusion matters can be found at www.socialinclusion.gov.au.
 
APRA continues to ensure that those with disabilities face no obstacles in public access to information through APRA's website. For those services that are not provided electronically, there is regular assessment to ensure that particular groups are not excluded by virtue of either their financial circumstances or their physical or intellectual disability. APRA supports access for people with speech or hearing disabilities via Telstra's service for TTY (Text Telephone) users and maintains a free call number and email address to accept and respond to enquiries and feedback.
 
APRA also ensures that all employment policies, guidelines and processes meet the requirements of the Disability Discrimination Act 1992 and do not discriminate on the basis of disability. APRA's commitment to this Act is included in its Human Resources Policy Manual and Code of Conduct. APRA's recruitment policy ensures that recruitment advertising does not dissuade people with disabilities who have the necessary experience, skills and qualifications from submitting applications for employment. The policy also ensures that selection processes take into account the special needs of applicants, so that those with disabilities are not disadvantaged. All staff and managers are responsible for supporting the principles of workplace diversity.
 
Parliamentary committees
 
Avenues through which APRA is accountable to the Parliament include Parliament's ad hoc and standing committees, and specific references on legislation or issues of particular interest to Parliamentary committees.
 
During 2012/13, APRA Members and officers made themselves available for public hearings before the:
  • Senate Economics References Committee in its inquiry into the effects of the global financial crisis on the Australian banking sector on 9 August 2012; and
  • Senate Economics Legislation Committee (sitting as Senate Estimates) on 17 October 2012, 14 February 2013 and 4 June 2013.
Transcripts of APRA's appearances before, and copies of its submissions to, parliamentary committees may be downloaded from its website www.apra.gov.au.
 
Performance pay
 
APRA has a performance bonus system, designed in consultation with staff and management and covering all employees. For 2012/13, the aggregate bonus pool was $4.89 million. Under deferred bonus arrangements introduced in the APRA Employment Agreement, 2012/13 bonuses will be paid in December 2013 to eligible staff still in APRA's employ at that date.
 
Privacy Commission
 
There were no investigations by the Privacy Commissioner under section 40 of the Privacy Act 1988 during 2012/13. No reports were served under section 30 of the Act. The Privacy Commissioner made no determinations under section 52, nor did APRA seek any under section 73.
 
There were no adverse or favourable comments made by the Privacy Commissioner in respect of APRA's operations.
 
Privacy inquiries relating to APRA should be addressed to:
 
The Privacy Officer
Legal Group
Australian Prudential Regulation Authority
GPO Box 9836
Sydney NSW 2001
Phone: 02 9210 3000
Fax: 02 9210 3424
 
Responsible Ministers
 
The Hon Joe Hockey MP, Treasurer of the Commonwealth of Australia, has portfolio responsibility for APRA.
 
He is assisted in this role by Senator Arthur Sinodinos AO, Assistant Treasurer.
 
The Hon Chris Bowen MP, then Treasurer of the Commonwealth of Australia, had portfolio responsibility for APRA from 27 June 2013 to 7 September 2013. He was assisted in this role by the Hon David Bradbury MP, then Assistant Treasurer, Minister for Competition Policy & Consumer Affairs, and Minister Assisting for Financial Services & Superannuation.
 
The Hon Wayne Swan MP, then Deputy Prime Minister and Treasurer of the Commonwealth of Australia, had portfolio responsibility for APRA until 27 June 2013. During this period he was assisted by the Hon Bill Shorten MP, then Minister for Financial Services and Superannuation and Minister for Employment and Workplace Relations.
 
Staff statistics
 
Staff by location and full-time/part-time as at 30 June 2013
 
Location Full-time Part-time Total
Adelaide 4 2 6
Brisbane 13 1 14
Canberra 4 0 4
Melbourne 58 8 66
Perth 4 1 5
Sydney 482 41 523
Total 565 53 618
 
Staff by division and full-time/part-time as at 30 June 20134
 
Division Full-time Part-time Total
Corporate 111 9 120
Diversified Institutions 118 9 127
Policy, Research and Statistics 76 10 86
Specialised Institutions 135 12 147
Supervisory Support 125 13 138
Total 565 53 618
 
4 Includes permanent and fixed-term staff but excludes casuals.
 
Full-time equivalent (FTE) staff strength as at 30 June 2013
 
Employment Type Total
Permanent 588.0
Fixed-term 11.0
Casual 0.0
Total 599.0
 
Agency resources and expenses by outcome
 
Under the Requirements for annual reports for departments, executive agencies and FMA Act bodies, issued by the Department of Prime Minister and Cabinet, APRA must provide information outlining its various funding sources during the financial year and total expenses for each Agency outcome. To this end, APRA's Agency Resource Statement and Expenses by Outcome Statement for 2012/13 are set out below.
 
Agency Resources Statement in tabular form. Total balance remaining for net resourcing and payments for APRA is listed as $54,124,000.
 
Click on the above image to view the agency resources statement in a larger size.
 
5 This combines Appropriation Bill (No1) 2012/13, and relevant prior and current year receipts from independent sources.
 
Expenses by Outcome Statement in tabular form. Total budget for Outcome 1 is listed as $121,158,000 while actual expenses were $116,515,000.
 
Click on the above image to view the expenses by outcome statement in a larger size.
 
6 Departmental appropriation combines Ordinary annual services (Appropriation Bill No.1) and Revenue from independent sources'.
 
List of requirements
 
The following list of mandatory annual reporting requirements, as outlined in the Requirements for annual reports for departments, executive agencies and FMA Act bodies approved by the Joint Committee of Public Accounts and Audit, has been annotated with either 'not applicable' or the location of the information in this Report.
 
Part of Report Description Location or applicability
Letter of transmittal Page 2
Table of contents Page 4
Index Pages 186-187
Glossary Pages 184-185
Contact officer(s) Page 188
Internet home page address and internet address for report Page 188
Review by Chairman Chapter 1
Overview of Authority Overview Chapter 6
Overview of Authority Role and functions Page 3. Chapters 2-4
Overview of Authority Organisational structure Pages 182-183
Overview of Authority Outcome and program structure Chapter 5
Report on performance Review of performance in relation to programs and contribution to outcomes Chapter 5
Report on performance Actual performance in relation to deliverables and KPIs Chapter 5
Report on performance Narrative discussion and analysis of performance Chapters 2-4
Report on performance Trend information Chapters 2-4
Report on performance Performance against service charter customer service standards Not applicable
Report on performance Discussion and analysis of the Authority's financial performance Chapter 5
Report on performance Discussion of any significant changes from prior year, from budget or anticipated to have a significant impact on future operations Not applicable
Report on performance Authority's resource statement and summary resource tables by outcomes Chapter 8
Report on performance Developments since the end of the financial year that have affected or may significantly affect the Authority's operations or financial results in future Not applicable
Corporate governance Compliance with the Commonwealth Fraud Control Guidelines Chapter 6
Corporate governance Statement of the main corporate governance practices in place Chapter 8
External scrutiny Significant developments in external scrutiny Chapter 8
External scrutiny Judicial decisions and decisions of administrative tribunals Chapter 2 and Chapter 8
External scrutiny Reports by the Auditor-General, a Parliamentary Committee or the Commonwealth Ombudsman Chapter 8
Management of human resources Assessment of effectiveness in managing and developing human resources to achieve the Authority's objectives Chapter 5
Management of human resources Statistics on staffing Chapter 5 and Chapter 8
Management of human resources Enterprise or collective agreements, determinations and common law contracts Chapter 8
Management of human resources Performance pay Chapter 8
Assets management Assessment of effectiveness of assets management Not applicable
Purchasing Assessment of purchasing against core policies and principles Chapter 8
Consultants Summary statement detailing consultancy arrangements and confirming that information on contracts and consultancies is available through the AusTender website. Chapter 8
Australian National Audit Office access clauses Absence of provisions in contracts allowing access by the Auditor-General Chapter 8
Exempt contracts Contracts exempt from the AusTender process Chapter 8
Financial statements Chapter 7
Other information Occupational health and safety (section 74 of the Occupational Health and Safety Act 1991) and Schedule 2 Part 4 of the Work Health and Safety Act 2011 Chapter 8
Other information Advertising and market research (Section 311A of the Commonwealth Electoral Act 1918) and statement on advertising campaigns Chapter 8
Other information Ecologically sustainable development and environmental performance (Section 516A of the Environment Protection and Biodiversity Conservation Act 1999) Chapter 8
Other information Grant programs Chapter 8
Other information Correction of material errors in previous annual report Not applicable
Other information Information Publication Scheme statement Chapter 8