APRA (Australian Prudential Regulation Authority)

The Australian Prudential Regulation Authority (APRA) is the government agency responsible for overseeing and regulating banks, insurance companies, and superannuation (retirement funds) in Australia. Its mission is to ensure these financial institutions remain financially sound, operate responsibly, and can meet their obligations to customers and the economy. By setting standards and monitoring their compliance, APRA helps maintain stability, protect consumers’ savings, and promote confidence in Australia’s financial system.