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The additional licence conditions follow an internal report prepared by NGS’ internal auditor in August 2022, an independent tripartite review undertaken at APRA’s request and delivered in April 2023, and a cyber incident in March 2023.
The letter released today follows APRA’s commitment in the Superannuation Data Transformation (SDT) Phase 2 Response Paper to reduce duplicate reporting and reporting burden.
This publication contains the quarterly Authorised Deposit-taking Institution (ADI) Performance and the quarterly ADI Property Exposure statistics for the quarter ending 30 September 2023.
APRA has decided to maintain its existing macroprudential policy settings. The mortgage serviceability buffer will remain at 3 percentage points, and the countercyclical capital buffer will stay at 1 per cent of risk-weighted assets.