Commonwealth Consolidated Acts

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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998


TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Definitions  
   4.      Act binds the Crown  
   5.      External Territories  
   6.      Application of Criminal Code  

   PART 2--ESTABLISHMENT, FUNCTIONS AND POWERS OF APRA

   7.      Establishment of APRA  
   8.      Purpose for establishing APRA  
   8A.     Trans-Tasman cooperation  
   9.      APRA's functions  
   9A.     Conferral of functions by State or Territory laws or by agreements  
   10.     Advice to the Minister  
   10A.    Cooperation with other agencies  
   10B.    Cooperation with ASIC  
   11.     APRA's powers  
   11A.    APRA's liabilities are Commonwealth liabilities  
   12.     Directions by Minister respecting APRA policies and priorities  
   12A.    Chair not subject to direction by APRA on certain matters  
   13.     APRA is a body corporate  
   15.     Delegation by APRA  

   PART 3--APRA--MEMBERSHIP AND OTHER CORPORATE MATTERS

           Division 1--Membership

   16.     Appointment of APRA members  
   17.     Restrictions on appointment  
   18.     Appointment of Chair and Deputy Chairs  
   19.     Acting appointments  

           Division 2--Terms and conditions for APRA members

   20.     Term of office as an APRA member  
   21.     Term of office as Chair or a Deputy Chair  
   22.     Remuneration and allowances  
   23.     Leave of absence  
   24.     Resignation  
   25.     Termination of appointment  
   26.     Other terms and conditions  

           Division 3--APRA meetings

   27.     Times and places of meetings  
   28.     Quorum  
   29.     Who is to preside at meetings  
   30.     Voting at meetings  
   31.     Conduct of meetings  
   32.     APRA resolutions without meetings  

   PART 4--APRA--STAFF MEMBERS

   45.     Appointment of permanent, temporary and casual staff  
   46.     Staff seconded to APRA  
   47.     Consultants and other people engaged to perform services  
   48.     Appointments of person appointed to perform specific roles  
   48AA.   Delegation by Chair  
   48AB.   APRA Values  
   48AC.   APRA Code of Conduct  

   PART 4A--DISCLOSURE OF INTERESTS OF APRA MEMBERS, APRA STAFF MEMBERS AND DELEGATES

           Division 1--Disclosure of interests of APRA members

   48A.    Standing obligation to disclose interests  
   48B.    Obligation to disclose interests before deciding a particular matter  

           Division 2--Disclosure of interests of APRA staff members and delegates

   48D.    The Chair to ensure adequate disclosure of interests requirements apply to APRA staff members and delegates  

           Division 3--Miscellaneous

   48E.    Application of section 29 of the Public Governance, Performance and Accountability Act 2013  

   PART 5--FINANCIAL AND TAXATION MATTERS

           Division 1--APRA's finances and the APRA Special Account

   50.     APRA's share of levy money  
   51.     Charges for APRA's services etc.  
   52.     Australian Prudential Regulation Authority Special Account  
   53.     Credits to the APRA Special Account  
   54.     Purposes of the APRA Special Account  

           Division 2--Financial Claims Scheme Special Account and related borrowing

              Subdivision A--Financial Claims Scheme Special Account

   54A.    Financial Claims Scheme Special Account  
   54B.    Credits to the Financial Claims Scheme Special Account  
   54C.    Purposes of the Financial Claims Scheme Special Account  
   54D.    Debits to reflect reduced amounts specified in declarations  

              Subdivision B--Borrowing for payments from the Financial Claims Scheme Special Account

   54E.    Borrowing  

           Division 2A--Collapsed insurer special account

   54F.    Private Health Insurance Collapsed Insurer Special Account  
   54G.    Credits to the Collapsed Insurer Special Account  
   54H.    Purposes of the Collapsed Insurer Special Account  

           Division 3--Taxation of APRA

   55.     Liability to taxation  

   PART 5A--GIVING INFORMATION ETC. TO ASIC

   55A.    ASIC may request information or documents  
   55B.    APRA must comply with request  
   55C.    Information and documents covered by request  
   55D.    Notifying ASIC of reasonable belief of material breach of ASIC provisions  

   PART 6--SECRECY

   56.     Secrecy--general obligations  
   57.     Determination of confidentiality  

   PART 7--MISCELLANEOUS

   58.     Protection from liability  
   59.     Annual reports  
   60.     Regulations  


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