Summary

Amends: the

to: replace the current part-time board with a full-time executive group; refine the Australian Prudential Regulation Authority’s (APRA) statement of purpose and objectives; clarify the range of matters for which APRA has a role in advising the Minister and its independence from Ministerial direction; provide for a disclosure and conflict of interest framework for APRA members; and clarify provisions relating to APRA’s release of protected information and protected documents to other agencies; and 8 Acts to make consequential amendments. Also contains transitional provisions.