Document ID: chunk:federal_register_of_legislation:F2022L01562:body:0:p2
Version: federal_register_of_legislation:F2022L01562
Segment Type: other
Provision Reference: 
Character Range: 2853–5830

other group members
Attachment A - Use of Fair Values
Attachment B - Criteria for classification as paid-up ordinary shares
Attachment C - Minority interest and other capital issued out of fully consolidated subsidiaries and is held by third parties
Attachment D - Regulatory adjustments
Attachment E - Criteria for inclusion in Additional Tier 1 Capital
Attachment F - Loss absorption requirements: Additional Tier 1 Capital
Attachment G - Criteria for inclusion in Tier 2 Capital
Attachment H - Loss absorption at the point of non-viability: Additional Tier 1 and Tier 2 Capital instruments
Attachment I - Mutual equity interests

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

Application
2.             This Prudential Standard applies to all authorised deposit-taking institutions (ADIs), subject to paragraph 3 of this Prudential Standard.
3.             This Prudential Standard does not apply to:
(a)          a foreign ADI; or
(b)          a purchased payment facility provider.
4.             A reference to an ADI in this Prudential Standard, unless otherwise indicated, is a reference to:
(a)          an ADI on a Level 1 basis; and
(b)          a group of which an ADI is a member on a Level 2 basis.
5.             If an ADI to which this Prudential Standard applies is:
(a)          the holding company for a group, the ADI must ensure that the requirements in this Prudential Standard are met on a Level 2 basis, where applicable; or
(b)          a subsidiary of an authorised non-operating holding company (authorised NOHC), the authorised NOHC must ensure that the requirements in this Prudential Standard are met on a Level 2 basis, where applicable.
6.             This Prudential Standard commences on 1 January 2023.

Adjustments and exclusions
7.             APRA may adjust or exclude a specific requirement in this Prudential Standard in relation to an ADI.[1]

Previous exercise of discretion
8.             An ADI must contact APRA if it seeks to place reliance, for the purposes of complying with this Prudential Standard, on a previous exemption or other exercise of discretion by APRA under a previous version of this Prudential Standard.

Interpretation
9.             Terms that are defined in Prudential Standard APS 001 Definitions appear in bold the first time they are used in this Prudential Standard. Where this Prudential Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing. In this Prudential Standard, unless the contrary intention appears, a reference to an Act, Regulations, Prudential Standard, Australian Accounting Standard or Australian Auditing and Assurance Standard is a reference to the instrument as in force from time to time.

Definitions
10.         The following definitions are used in this Prudential Standard:
(a)          capital instruments – includes all capital instruments eligible to