Commonwealth Consolidated Acts

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.