APRA releases letters sent to Treasurer Jim Chalmers and Finance Minister Katy Gallagher
Today, Australian Prudential Regulation Authority (APRA) published two letters recently sent to Treasurer Hon Dr Jim Chalmers MP and Minister for Finance, Senator the Hon Katy Gallagher.
The letters outline nine actions APRA is taking to support productivity while maintaining the strength and stability of the financial system in a balanced and efficient way.
Further detail on the actions APRA is progressing are set out in APRA’s Corporate Plan. Importantly, these actions aim to improve regulatory efficiency and transparency, without compromising system financial safety and stability objectives.
Action |
Timing |
Impact: |
||
|---|---|---|---|---|
|
|
|
||
|
Banks Licensing regime |
Consultation commenced |
✔ |
✔ |
✔ |
|
Life insurers Capital requirements |
Consultation commenced |
✔ |
||
|
General insurance Reinsurance settings |
Consultation commenced |
✔ |
✔ |
|
|
Banks Capital adjustments |
Implementation in 2H-2025 |
Potentially over time | ✔ |
|
|
Banks Capital modelling |
Implementation in 2H-2025 |
Potentially over time | ✔ |
|
|
Banks Proportionality |
Implementation in 2H-2025 |
✔ |
||
|
All industries Duplicative rules |
Consultation in 1H-2026 |
✔ |
||
|
All industries Data reporting |
Completed by December 2027 |
✔ |
✔ |
|
|
Payments Coordination |
Timing subject to Government |
✔ |
✔ |
✔ |
The letters are available on the APRA website: APRA letter to Treasurer Chalmers and Minister Gallager, 31 July 2025 and APRA letter to Treasurer Chalmers and Minister Gallager, 12 August 2025.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
