Banking Act 1959

Part II - Provisions relating to the carrying on of banking business

Division 1A - Prudential supervision and monitoring of ADIs and authorised NOHCs

Subdivision A - Prudential supervision and monitoring of ADIs and authorised NOHCs generally

SECTION 11B

11B APRA to monitor prudential matters
The functions of APRA include:

(a) the collection and analysis of information in respect of prudential matters relating to ADIs and authorised NOHCs;

(b) the encouragement and promotion of the carrying out by ADIs and authorised NOHCs of sound practices in relation to prudential matters; and

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