The Minister for Revenue and Assistant Treasurer has released the proposals paper Streamlining Prudential Regulation: Response to ‘Rethinking Regulation’ seeking the views of interested parties on proposals in response to recommendations relating to prudential regulation.

Proposals cover:

• streamlining breach reporting;
• reviewing APRA administrative decisions;
• how prudential standards are made and administered;
• enforcement issues;
• simplifying the Life Insurance Act and SIS Act.