The Australian Prudential Regulation Authority (APRA) has published a letter to authorised deposit-taking institutions (ADIs) clarifying APRA’s expectations regarding pre-sales and commercial property lending.
The letter can be found on APRA's website: APRA clarifies its March 2017 letter regarding commercial property lending.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $10.6 trillion in assets for Australian depositors, policyholders and superannuation fund members.
