Supervision and policy priorities timelines

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Expected timelines for APRA’s key supervisory activities and regulatory changes are outlined in the tables below.

Cross-industry timelines

Policy priorities

 Code1H 20232H 20232024Expected effective
Recovery and resolution planning

CPG 190,
CPS 900,
CPG 900

Finalise  2024
Operational risk management priorities

CPS 230,
CPG 230

Finalise
Consult		 Finalise 2024
Remuneration disclosuresCPS 511Finalise  2024
GovernanceCPS 510 ConsultFinalise2025
GroupsVarious  Consult2025 (TBC)

Supervision priorities

 Entities in scope1H 20232H 20232024
Complete CPS 234 independent assessmentsAll entities (in tranches)Expected activityExpected activity 
Targeted operational resilience and governance reviewsSelected entitiesExpected activityExpected activity 
Reviews of recovery and exit planningSelected super and insurance entitiesExpected activityExpected activity 

Banking

Policy priorities

 Code1H 20232H 20232024Expected effective
Interest rate risk in the banking book

APS 117,
APG 117

Finalise
Consult		 Finalise 2025
Stored-value facilities

APS 610

 Consult (TBC)Finalise (TBC)2024
(TBC)
Crypto-assetsTBC  Consult2025
LiquidityAPS 210 ConsultFinalise2025
Financial Claims SchemeAPS 910  Consult2026
Market riskAPS 116,
APS 180		  Consult2026

Supervision priorities

 Entities in scope1H 20232H 20232024
Operational risk & technology reviewsSelected small and mid-tier ADIsExpected activity  
Technology and operational resilience
reviews for New Zealand subsidiaries		Large ADIsExpected activityExpected activity 
Industry stress test10 largest ADIs Expected activity 
Liquidity-stress test reviewsMid-tier ADIsExpected activity  
Portfolio management and problem loan reviewsLarge ADIs Expected activityExpected activity 
Liquidity-stress test reviewsLarge ADIs and Mid-tier ADIsExpected activityExpected activity 
IRB validationIRB ADIs  Expected activity 
Portfolio management and problem loan reviewsMid-tier Expected activity 

Insurance

Policy priorities

 Code1H 20232H 20232024Expected effective
Remaking four life insurance standards

LPS 100,
LPS 115,
LPS 360,
LPS 370

Finalise  2023
Insurance risk management

GPG 240,
LPG 240

   Consult2025 (TBC)

Supervision priorities

 Entities in scope1H 20232H 20232024
Completion of remediation plans on insurance
risk management		GIs who participated in the 2021 thematic reviewsExpected activity  
Survey insurers and re-insurers in implementing
APRA’s group insurance expectations		12 direct insurers and reinsurersExpected activity  
IT resilienceSelected PHIsExpected activity  
ICAAP reviews5 largest PHIs Expected activity 

Superannuation

Policy priorities

 Code1H 20232H 20232024Expected effective
Investment governance

SPG 530

ConsultFinalise -
Strategic planning and member outcomes,
including retirement incomes

SPS 515

ConsultConsultFinalise2025
Transfer planning 

 

TBC

Consult
Finalise

 

 

2023
 

 SPG 227ConsultConsultFinalise-
Financial resilience in superannuationSPS 114ConsultConsultFinalise2025 

Supervision priorities

 Entities in scope1H 20232H 20232024
Assess how trustees are responding to changing investment marketsAll trusteesExpected activityExpected activity 
Scrutinise business models that are challenged in delivering
long-term sustainable outcomes for members		Selected trusteesExpected activityExpected activityExpected activity
Examine implementation of the retirement income covenantSelected trusteesExpected activity  
Review performance test results – MySuper and Trustee directed productsAll trustees Expected activity 

 

 

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