BANKING ACT 1959 - SECT 11B APRA to monitor prudential matters

BANKING ACT 1959 - SECT 11B

    The functions of APRA include:

  (a)   the collection and analysis of information in respect of prudential matters relating to ADIs and authorised NOHCs;

  (b)   the encouragement and promotion of the carrying out by ADIs and authorised NOHCs of sound practices in relation to prudential matters; and

  (c)   the evaluation of the effectiveness and carrying out of those practices.