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Australian Prudential Regulation Authority Act 1998

No. 50, 1998

Compilation No. 51

Compilation date: 15 March 2024

                Includes amendments: Act No. 68, 2023

Registered: 19 March 2024

About this compilation

This compilation

This is a compilation of the Australian Prudential Regulation Authority Act 1998 that shows the text of the law as amended and in force on 15 March 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Short title
2 Commencement
3 Definitions
4 Act binds the Crown
5 External Territories
6 Application of Criminal Code
Part 2—Establishment, functions and powers of APRA
7 Establishment of APRA
8 Purpose for establishing APRA
8A Trans‑Tasman cooperation
9 APRA's functions
9A Conferral of functions by State or Territory laws or by agreements
10 Advice to the Minister
10A Cooperation with other agencies
10B Cooperation with ASIC
11 APRA's powers
11A APRA's liabilities are Commonwealth liabilities
12 Directions by Minister respecting APRA policies and priorities
12A Chair not subject to direction by APRA on certain matters
13 APRA is a body corporate
15 Delegation by APRA
Part 3—APRA membership and other corporate matters
Division 1—Membership
16 Appointment of APRA members
17 Restrictions on appointment
18 Appointment of Chair and Deputy Chairs
19 Acting appointments
Division 2—Terms and conditions for APRA members
20 Term of office as an APRA member
21 Term of office as Chair or a