Prudential framework minor updates
To: All authorised deposit-taking institutions and insurers
APRA is releasing for consultation a set of minor updates to the prudential framework. This is intended to ensure the framework is updated in the intervening periods between comprehensive reviews of prudential standards.
Minor framework updates
Minor updates are proposed to the following standards and guidance as outlined in the table below (with more detail set out in Annex A). These changes are primarily technical clarifications in nature and do not present any material change in policy settings.
Prudential standard or prudential practice guide | Industries covered |
| APS 111 Capital Adequacy: Measurement of Capital | Authorised deposit-taking institutions |
| APS 220 Credit Risk Management | Authorised deposit-taking institutions |
| APG 210 Liquidity | Authorised deposit-taking institutions |
| APS 330 Public Disclosure (January 2025) | Authorised deposit-taking institutions |
| GPS 310 Audit and Related Matters | General insurance |
| HPS 112 Capital Adequacy: Measurement of Capital | Private health insurance |
| LPS 112 Capital Adequacy: Measurement of Capital | Life insurance |
| LPS 117 Capital Adequacy: Asset Concentration Risk Charge | Life insurance |
Request for submissions
APRA welcomes feedback on the proposed changes to prudential standards and guidance.
Written submissions should be sent to policydevelopment@apra.gov.au by 3 May 2024. All information in submissions will be made available to the public on the APRA website unless a respondent expressly asks that all or part of the submission be kept confidential. APRA expects to release the finalised revisions mid-year.
Yours sincerely
Clare Gibney
Executive Director
Policy & Advice Division
Proposed revisions
Published 4 April 2024 | Published 4 April 2024 |