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.


 

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