Proceedings brought against the Australian Prudential Regulation Authority (APRA) by Rural & General Insurance Broking Pty Ltd have been discontinued by the judge in the District Court of New South Wales and subpoenas issued by the broker have been set aside as an abuse of process.

Rural & General Insurance Broking initiated proceedings against APRA in April following the regulators warning to Australian consumers about buying insurance policies with Rural & General International Insurance Limited.  The company is registered in Vanuatu as an exempt general insurer and is not authorised to carry on insurance business in or from within Vanuatu or to solicit insurance business from the public within or beyond Vanuatu.

The broker has also been ordered to pay APRAs costs.

APRA strongly advises consumers to consult the full list of insurers licensed in Australia and which are subject to Australian laws and regulations at:  www.apra.gov.au

APRA is the prudential regulator of the financial services industry including banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies, and most members of the superannuation industry.  It currently regulates $1.6 trillion in assets for 20 million Australians.

For further information:	Media Enquiries only:
APRA Call Centre	Susan Morey
1300 131 060	APRA - Public Affairs
	02 9210 3384
	0438 124 524