INSURANCE ACT 1973 - SECT 38 APRA to monitor prudential matters

INSURANCE ACT 1973 - SECT 38

    The functions of APRA include:

  (a)   collecting and analysing information on prudential matters concerning general insurers, authorised NOHCs and the subsidiaries of general insurers and authorised NOHCs; and

  (b)   encouraging and promoting the carrying out of sound practices in relation to prudential matters by general insurers, authorised NOHCs and the subsidiaries of general insurers and authorised NOHCs; and

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