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Media Releases


2008 Media Releases Home
APRA revises audit requirements for ADIs (08.35) (Tuesday, 23 December 2008)
The Australian Prudential Regulation Authority (APRA) today released a revised prudential standard on audit requirements for authorised deposit-taking institutions (ADIs).....

APRA releases quarterly superannuation statistics for September 2008 (08.34) (Monday, 22 December 2008)
The Australian Prudential Regulation Authority (APRA) today released its September 2008 Quarterly Superannuation Performance publication,....

APRA releases prudential framework for supervision of general insurance groups (08.33) (Wednesday, 17 December 2008)
The Australian Prudential Regulation Authority (APRA) today issued a package that will establish the prudential framework for the supervision of general insurance groups domiciled in Australia. ....

APRA outlines approach on executive remuneration (08.32) (Tuesday, 09 December 2008)
In October 2008, the Prime Minister announced that the Government would be examining with the Australian Prudential Regulation Authority (APRA) what domestic policy actions on executive remuneration ....

APRA statement on capital requirements for ADIs (08.31) (Thursday, 27 November 2008)
Recent media reports have claimed that the Australian Prudential Regulation Authority (APRA) has set a minimum Tier 1 capital ratio of eight per cent for banks and other authorised deposit taking institutions (ADIs) in Australia.  These reports are incorrect.....

APRA consults on new superannuation publication with fund-level performance data (08.30) (Thursday, 20 November 2008)
The Australian Prudential Regulation Authority (APRA) today issued a discussion paper for consultation with industry on a new annual statistical publication that will include performance data on individual superannuation funds.....

Consultations begin on new publications for life insurance industry (08.29) (Wednesday, 12 November 2008)
The Australian Prudential Regulation Authority (APRA) today announced the start of a consultation with industry on the first of two proposed new statistical publications on life insurance.....

APRA proposes revised audit requirements for ADIs (08.28) (Friday, 07 November 2008)
The Australian Prudential Regulation Authority (APRA) has today released a consultation package on proposed revisions to its requirements for the external auditor of an authorised deposit-taking institution (ADI).....

APRA releases research on superannuation fund performance (08.27) (Thursday, 16 October 2008)
The Australian Prudential Regulation Authority (APRA) has released the results of research on the performance of large APRA-regulated superannuation funds from 1 July 2001 to 30 June 2006. ....

Superannuation assets grow in June 2008 quarter (08.26) (Thursday, 25 September 2008)
The Australian Prudential Regulation Authority (APRA) today released its June 2008 Quarterly Superannuation Performance publication. It shows total assets increased over the June 2008 quarter by $7.4 billion, or 0.6 per cent, to a total of $1.17 trillion. ....

Abela disqualification overturned (08.25) (Wednesday, 10 September 2008)
The Administrative Appeals Tribunal (AAT) has set aside the disqualification of Mr Paul Mario Abela by the Australian Prudential Regulation Authority (APRA).....

Unit pricing guide update (08.24) (Thursday, 28 August 2008)
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) today released a newly updated Unit pricing - guide to good practice for the life insurance, superannuation and funds management industries.....

Abbott disqualification overturned (08.23) (Monday, 25 August 2008)
The Administrative Appeals Tribunal has set aside the disqualification of Mr Charles Abbott by the Australian Prudential Regulation Authority (APRA).....

APRA general insurance statistics show strong performance despite pressures (08.22) (Thursday, 07 August 2008)
The Australian Prudential Regulation Authority (APRA) today released its Half Yearly General Insurance Bulletin which is compiled from audited annual returns from APRA-regulated general insurance companies for their financial years ending in the period 1 January 2007 to 31 December 2007.....

APRA’s prudential requirements for First Home Saver Accounts (08.21) (Wednesday, 30 July 2008)
The Australian Prudential Regulation Authority (APRA) released today the final package relating to the authorisation and prudential oversight of providers of First Home Saver Accounts (FHSAs).....

APRA announces scholarships for 2008 (08.20) (Thursday, 10 July 2008)
The Australian Prudential Regulation Authority (APRA) has awarded two student scholarships under the Brian Gray Scholarship Program. ....

APRA releases draft requirements for the use of internal models by general insurers (08.19) (Monday, 30 June 2008)
The Australian Prudential Regulation Authority (APRA) has today released a consultation package that sets out its draft prudential requirements for the use of the Internal Model-based Method (IMB Method) for determining the Minimum Capital Requirements (MCR) of general insurers.....

Superannuation assets fall in March quarter but grow over year (08.18) (Thursday, 26 June 2008)
The Australian Prudential Regulation Authority (APRA) today released its Quarterly Superannuation Performance publication for the March quarter of 2008. It shows total assets over the 12 months to 31 March 2008 rose by $37.4 billion (3.5 per cent) to a total of $1.10 trillion, despite a fall of $74.9 billion (6.4 per cent) during the March quarter.....

APRA finalises refinements to the general insurance prudential framework (08.17) (Monday, 23 June 2008)
The Australian Prudential Regulation Authority (APRA) has today released its final general insurance refinements package following extensive industry consultation over the past year.....

APRA consultation on prudential requirements for First Home Saver Accounts (08.16) (Wednesday, 11 June 2008)
The Australian Prudential Regulation Authority (APRA) released today a consultation package relating to the authorisation and prudential oversight of providers of First Home Saver Accounts (FHSAs).....

APRA proposes removal of Trustees from 32 superannuation funds (08.15) (Wednesday, 11 June 2008)
The Australian Prudential Regulation Authority (APRA) is seeking information on 32 superannuation funds whose Trustees have failed to apply to APRA to be licensed. It proposes to remove the Trustees from the superannuation funds unless they contact APRA.....

David Robert Siminton commences jail term for contempt of court (08.14) (Friday, 06 June 2008)
David Robert Siminton has commenced a 12 months jail term on a contempt of court charge initiated by the Australian Prudential Regulation Authority (APRA) in relation to the operation of the unauthorised ‘bank’ Terra Nova Cache.....

APRA appoints a new Executive General Manager (08.13) (Wednesday, 28 May 2008)
The Australian Prudential Regulation Authority (APRA) today announced the appointment of Mr Keith Chapman to the role of Executive General Manager – Supervisory Support Division.....

APRA releases Service Charter (08.12) (Wednesday, 28 May 2008)
The Australian Prudential Regulation Authority (APRA) has today released the APRA Service Charter as part of its on-going commitment to enhance transparency and accountability to its stakeholders.....

APRA extends deadline for foreign insurers (08.11) (Monday, 26 May 2008)
The Australian Prudential Regulation Authority (APRA) announced today that the deadline for foreign insurers wishing to apply for a licence to write business in Australia after 1 July has been extended.....

APRA releases research on superannuation fund governance and ADI housing lending (08.10) (Thursday, 08 May 2008)
The Australian Prudential Regulation Authority (APRA) has released the results of its recent research on the governance practices of APRA-regulated superannuation funds.  ....

APRA, ASIC and FICA hold semi-annual meeting (08.09) (Thursday, 24 April 2008)
On 21 April 2008, the Board of the Finance Industry Council of Australia (FICA) met with the ASIC Commissioners and APRA Members to discuss significant regulatory and industry issues facing the financial services industry.  ....

APRA releases draft prudential framework for supervision of general insurance groups (08.08) (Tuesday, 15 April 2008)
The Australian Prudential Regulation Authority (APRA) is today releasing a package that sets out its draft prudential framework for supervision of general insurance groups.....

APRA and ASIC reminder about foreign insurance business (08.07) (Tuesday, 08 April 2008)
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are jointly reminding direct offshore foreign insurers (DOFIs) and local insurance brokers about the new authorisation requirements for foreign insurers that come into effect on 1 July 2008.....

APRA finalises key general insurance refinements proposals (08.06) (Wednesday, 02 April 2008)
The Australian Prudential Regulation Authority (APRA) has finalised its position on the proposed general insurance refinements package following industry consultation.....

Superannuation assets fall in December quarter, but overall growth in 2007 (08.05) (Thursday, 27 March 2008)
The Australian Prudential Regulation Authority (APRA) today released its December 2007 Quarterly Superannuation Performance publication. ....

APRA Annual Superannuation Bulletin reveals new statistics (08.04) (Wednesday, 26 March 2008)
The Australian Prudential Regulation Authority (APRA) today released its Annual Superannuation Bulletin which includes a wide range of statistics for the full financial year to 30 June 2007.....

APRA and ASIC release new online reporting system for dual-regulated institutions (08.03) (Tuesday, 11 March 2008)
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) today released a new online breach reporting system for dual-regulated institutions.....

APRA  statistics show strong general insurance industry (08.02) (Thursday, 07 February 2008)
The Australian Prudential Regulation Authority (APRA) today released its Half Yearly General Insurance Bulletin ....

APRA  releases Basel II reporting requirements (08.01) (Wednesday, 06 February 2008)
The Australian Prudential Regulation Authority (APRA) today released its reporting requirements for authorised deposit-taking institutions (ADIs) under the new Basel II capital adequacy regime....



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