Prudential Regulation Review

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.
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