APRA

Australian Prudential Regulation Authority or APRA is charged with the prudential supervision of Authorised Deposit-taking Institutions (ADIs), ultimately aiming to ensure that financial promises made by the bodies it regulates are met within financial markets which are stable, efficient and competitive. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies and most members of the superannuation industry.

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