APRA definition

APRA means the Australian Prudential Regulation Authority. APRA is an independent statutory authority that supervises institutions across banking, insurance and superannuation.

Examples of APRA in a sentence

  • The specified liabilities include first, certain obligations of the Issuer to APRA in respect of amounts payable by APRA to holders of protected accounts and any administration costs incurred by APRA.

  • Life insurers are required to give a number of financial statements and returns to APRA under the FSCODA.

  • On 3 May 2019, APRA made “Banking, Insurance, Life Insurance and Health Insurance (prudential standard) determination No.1 of 2019 – Prudential Standard CPS 220 Risk Management” under inter alia section 92 of the Private Health Insurance Supervision Act (CPS 220).

  • In March 2018, APRA released for consultation a draft of Prudential Standard CPS 234 Information Security.

  • The framework is implemented through the three lines of defence model and its effectiveness is assessed by the internal audit function on an annual basis with a full comprehensive review on a three yearly basis in accordance with the Risk Management Committee Charter and APRA Prudential Standard CPS220.


More Definitions of APRA

APRA means the Australian Prudential Regulation Authority and its successors;
APRA means the Australian Prudential Regulation Authority (or any successor organisation).
APRA means the Australian Prudential Regulation Authority or any authority succeeding to its powers and responsibilities;