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Banking (prudential standard) determination No. 3 of 2024

Prudential Standard APS 330 Public Disclosure

Banking Act 1959
I, Clare Gibney, a delegate of APRA:

    (a) under subsection 11AF(3) of the Banking Act 1959 (the Act), REVOKE Banking (prudential standard) determination No. 1 of 2023, including Prudential Standard APS 330 Public Disclosure made under that determination; and

    (b) under subsection 11AF(1) of the Act, DETERMINE Prudential Standard APS 330 Public Disclosure in the form set out in the schedule, which applies to all ADIs and authorised NOHCs to the extent provided in paragraphs 2 to 4 of the prudential standard.

This instrument commences on 1 January 2025.

Dated: 27 August 2024

Clare Gibney
Executive Director
Policy & Advice Division

Interpretation
In this instrument:

    APRA means the Australian Prudential Regulation Authority.

ADI, authorised NOHC and prudential standard have their respective meanings given in subsection 5(1) of the Act.

Schedule

Prudential Standard APS 330 Public Disclosure comprises the document commencing on the following page.

Prudential Standard APS 330

Public Disclosure
Objectives and key requirements of this Prudential Standard
This Prudential Standard requires certain authorised deposit-taking institutions (ADIs) to publicly disclose key prudential information, to contribute to the transparency of financial markets and to enhance market discipline. This Prudential Standard applies to ADIs that are locally-incorporated significant financial institutions.
The key requirements of this Prudential Standard are that an ADI must:
     * make clear, comprehensive, meaningful, consistent, and comparable public disclosures of prudential information;
     * cover key prudential metrics and information relating to risk profile and financial resilience, as defined by the Basel Committee on Banking Supervision (BCBS) and adjusted by APRA for the Australian context; and
     * have a formal policy approved by the Board, with effective internal controls and procedures, to ensure its disclosures are appropriate and accurate.

Table of Contents
Authority
Application
Interpretation
Adjustments and exclusions
Previous exercise of discretion
Key principles
General requirements
Attachment A – Modifications to disclosure requirements in the BCBS Standard

Authority
 1.              This Prudential Standard is made under section 11AF of the Banking Act 1959 (the Banking Act).

Application
 1.              This Prudential Standard applies to all authorised deposit-taking institutions (ADIs) with the exception of:
         1.           foreign ADIs;
         2.           non-significant financial institutions (non-SFIs); and
         3.           purchased payment facility providers.
    Additionally, APRA may determine in a particular case that this Prudential Standard applies to a foreign ADI or non-SFI.
 1.              A reference to an ADI in this Prudential Standard, unless otherwise indicated, is a reference to:
         1.           an ADI on a Level 1 basis; and
         2.           a group of which an ADI is a member on a Level 2 basis.
 2.              If an ADI is a member of a group on a Level 2 basis, the ADI is