AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY (APRA)

Full Departmental Modelling — Australians Unified Format

STEP 1 — WHAT APRA DOES NOW

Portfolio: Treasury Portfolio Agency: Australian Prudential Regulation Authority (APRA)

Current responsibilities:

• Regulates banks, credit unions and building societies

• Oversees insurance companies (life, general, private health)

• Supervises superannuation funds

• Ensures financial system stability and resilience

• Sets prudential standards for capital, liquidity and risk

• Conducts stress testing and systemic risk monitoring

• Protects depositors, policyholders and superannuation members

• Works with ASIC, RBA, Treasury, ATO and AUSTRAC

Who APRA serves:

• Households and depositors

• Superannuation members

• Insurance policyholders

• Banks and financial institutions

• Government and Parliament

• International financial regulators

STEP 2 — GENERAL OPERATIONS (CURRENT)

• Supervises financial institutions for safety and soundness

• Conducts risk assessments and stress tests

• Enforces prudential standards and governance requirements

• Monitors capital adequacy, liquidity and risk exposure

• Oversees superannuation fund performance and compliance

• Coordinates with domestic and global regulators

• Publishes financial stability insights and regulatory updates

Operational characteristics:

• High‑integrity, high‑risk regulatory environment

• Heavy reliance on data, modelling and risk analytics

• Strong legal, financial and actuarial expertise

• Central role in national financial stability

• High public visibility and accountability