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Letter to Industry: Publication of non-confidential submissions on APRA’s website

APRA’s current practice when conducting public consultations is not to publish submissions received. To enhance the transparency and openness of its consultation processes, APRA now proposes to publish on its website all non-confidential submissions.

This change will apply to all consultations closing after 31 December 2011. After this date, all information in submissions to APRA will be made available on the APRA website unless a respondent requests they would like all or part of their submission to remain in confidence. Automatically generated confidentiality statements in emails will not be sufficient for this purpose.

Respondents who would like part of their submission to remain in confidence should provide this information marked as confidential in a separate attachment. Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine any such requests in accordance with the provisions of the FOIA.

Information in a submission about any APRA-regulated entity which is not in the public domain and which is identified by that entity as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and therefore will ordinarily be exempt from production under the FOIA.

If you have any questions concerning this letter please send them by email addressed to Helen Rowell, General Manager, Policy Development.