BNET Business Dictionary

Business Definition for: Australian Prudential Regulation Authority

  • a federal government body responsible for ensuring that financial institutions are able to meet their commitments

Additional Resources

Ozzie regulator ends Zurich finite probe.(International News)(Australian Prudential Regulation Authority)(Zurich Australian Insurance Group)(Brief article)
Byline: SARAH VEYSEY SYDNEY, Australia-The Australian Prudential Regulation Authority said that it has finished its investigation into Zurich Australian Insurance Ltd. over a series of allegedly improper financial reinsurance transactions undertaken by the company in 2000. APRA, the Australian insurance regulator,...
Tags: financial, Government, Insurance, Prudential Insurance Company of America, Regulations, regulator, reinsurance
Research articles 2007-03-19
[308] APRA outlines superannuation regulatory issues.(Australian Prudential Regulation Authority)(Brief Article)
Mar 16, 2005 (Weekly Tax Bulletin - ABIX via COMTEX) The Australian Prudential Regulation Authority APRA reviewed APRA-regulated superannuation funds in 2003-04. Prudential issues stemming from the review and emerging super trends are discussed in the edition of "APRA Insight" for the December 2004...
Tags: FINANCE, Investment, Prudential Insurance Company of America, Taxes, watchdog
Research articles 2005-03-16
Today's APRA has the power and will to act.(Australian Prudential Regulation Authority)(Brief Article)
Feb 16, 2005 (The Australian Financial Review - ABIX via COMTEX) The collapse of HIH Insurance exposed weaknesses in the structure of the Australian Prudential Regulation Authority APRA. Changes were made to APRA after the regulatory body failed to act on warnings that HIH...
Tags: collapse, Government, Prudential Insurance Company of America, Regulations, treasurer
Research articles 2005-02-17
APRA redefines super standards.(Australian Prudential Regulation Authority)(Brief Article)
Apr 18, 2005 (Super Review - ABIX via COMTEX) The Australian Prudential Regulation Authority APRA is proposing amendments to its treatment of superannuation. At issue is super surpluses and deficits: APRA's existing economic approach disallows them while the new International Financial Reporting Standards...
Tags: FINANCE, Prudential Insurance Company of America, standards, surplus
Research articles 2005-04-18
General Re unit to 'co-operate fully' with APRA.(General Reinsurance)(Australian Prudential Regulation Authority)
Mar 29, 2005 (The Australian Financial Review - ABIX via COMTEX) General Reinsurance Australia has pledged to co-operate fully with regulators in Australia. The company is part of the US group, Berkshire Hathaway, associated with investor Warren Buffett. The Australian Prudential Regulation Authority APRA...
Tags: Australia, Berkshire Hathaway Inc., Insurance, Prudential Insurance Company of America, reinsurance
Research articles 2005-03-30
Reinsurance broker banned by APRA.(Australian Prudential Regulation Authority)(Brief Article)
Feb 09, 2005 (The Australian Financial Review - ABIX via COMTEX) The Australian Prudential Regulation Authority APRA has banned a Sydney reinsurance broker. John Tuckfield had sent an email to his colleague in 1998 about a "secret deal with FAI". He was then employed...
Tags: Insurance, Prudential Insurance Company of America, reinsurance
Research articles 2005-02-09
APRA warns to improve governance in preparation for economic down-shift.(Australian Prudential Regulation Authority)(Brief Article)
Apr 18, 2005 (Super Review - ABIX via COMTEX) Younger bankers in Australia have only lived through "good times". This is according to the Australian Prudential Regulation Authority's APRA John Laker. Speaking to an Australian Institute of Banking & Finance Forum, he said they...
Tags: Australia, banker, Banking, collapse, Prudential Insurance Company of America
Research articles 2005-04-18
World Updates; APRA to collect claims data.(International)(Australian Prudential Regulation Authority)(IUA sees growth in London market)(Investments, bank unit cut Allianz profits)(AXA profits drop on investment losses)
The Australian Prudential Regulation Authority is consulting with the country's insurers and other relevant bodies on the collection of policy and claims data for public liability and professional indemnity insurance. The Australian government, as well as state and territory treasurers, had agreed that appropriate premiums for...
Tags: bank, FINANCE, Insurance, investment, London, Prudential Insurance Company of America
Research articles 2003-08-18
APRA softens stance on directors' tenure.(Australian Prudential Regulation Authority)(Brief Article)
Mar 23, 2005 (The Australian Financial Review - ABIX via COMTEX) The Australian Prudential Regulation Authority APRA has relaxed some of its proposed new corporate governance standards. It will no longer limit the tenure of directors of banks and insurers, nor set its own...
Tags: Australian Stock Exchange Ltd., Prudential Insurance Company of America
Research articles 2005-03-23
APRA sets sights on company linked to Buffett.(Australian Prudential Regulation Authority)(General Reinsurance Australia)(Brief Article)
Mar 16, 2005 (The Age - ABIX via COMTEX) The Australian Prudential Regulation Authority APRA has given General Reinsurance Australia a deadline. The company has until 29 March 2005 to explain why it should not be investigated over financial reinsurance matters. General Re's parent...
Tags: Berkshire Hathaway Inc., Insurance, Prudential Insurance Company of America, reinsurance, spokeswoman
Research articles 2005-03-16
APRA query for Buffett.(Australian Prudential Regulation Authority)(Brief Article)
Mar 16, 2005 (Herald Sun - ABIX via COMTEX) The ripples from the failure of HIH Insurance in Australia are still spreading. US-based Berkshire Hathaway has confirmed that it is indirectly involved in the saga. HIH Insurance collapsed in March 2001 owing up to...
Tags: Australia, Berkshire Hathaway Inc., FINANCE, Insurance
Research articles 2005-03-16
APRA asks Buffett to show cause.(Australian Prudential Regulation Authority, Warren Buffett)(Brief Article)
Mar 16, 2005 (The Sydney Morning Herald - ABIX via COMTEX) The insurance regulator in Australia has asked General Re to "show cause". The Australian Prudential Regulation Authority APRA has given General Re Australia just two weeks to show why it should not be...
Tags: Australia, Insurance, Prudential Insurance Company of America, reinsurance
Research articles 2005-03-16
[181] APRA disqualification of superannuation trustee set aside.(Australian Prudential Regulation Authority)(Brief Article)
Feb 11, 2005 (Weekly Tax Bulletin - ABIX via COMTEX) The Administrative Appeals Tribunal has set aside a decision made by the Australian Prudential Regulation Authority APRA. The case involved a director of an approved trust. The applicant was disqualified from being a trustee...
Tags: FINANCE, Prudential Insurance Company of America, Taxes
Research articles 2005-02-11
APRA gives General Re chance to explain.(Australian Prudential Regulation Authority)(General Reinsurance Australia)(Brief Article)
Mar 29, 2005 (The Sydney Morning Herald - ABIX via COMTEX) The Australian Prudential Regulation Authority has queried General Reinsurance Australia about some of its transactions. On 29 March 2005, the regulator announced that it is prepared to consider a submission from the Berkshire...
Tags: financial, Insurance, Prudential Insurance Company of America, regulator, reinsurance
Research articles 2005-03-30
Watchdog turns up heat on insurers.(Australian Prudential Regulation Authority's proposals against falsification of reinsurance deals)(Brief Article)
May 03, 2005 (The Age - ABIX via COMTEX) The Australian Prudential Regulation Authority APRA will introduce new draft proposals to prevent the falsification of reinsurance deals. The draft proposals will require insurers to provide APRA with an annual financial condition report. Companies will...
Tags: Insurance, Prudential Insurance Company of America, reinsurance
Research articles 2005-05-03
Buffett's General Reinsurance faces investigation by regulator.(Australian Prudential Regulation Authority conducts investigations in General Reinsurance Australasia's activities)(Brief Article)
Apr 14, 2005 (The Age - ABIX via COMTEX) The Australian Prudential Regulation authority APRA will investigate the reinsurance activities of General Reinsurance Australasia. The insurance group first drew interest during the HIH Royal Commission, when it emerged that General Re sold an insurance...
Tags: Insurance, Prudential Insurance Company of America, regulator, reinsurance
Research articles 2005-04-14
APRA launches Gen Re inquiry.(General Reinsurance Australia, Australian Prudential Regulation Authority )(Brief Article)
Apr 14, 2005 (The Sydney Morning Herald - ABIX via COMTEX) The Australian Prudential Regulation Authority APRA will formally investigate General Reinsurance Australia. The announcement on 14 April 2005 follows a three-year review of the Berkshire Hathaway subsidiary. The regulator has appointed an inspector...
Tags: Berkshire Hathaway Inc., financial, Insurance, reinsurance
Research articles 2005-04-14
AUSTRALIA'S TO REPLACE PRUDENTIAL REGULATION AUTHORITY.
CANBERRA, April 17 Asia Pulse - The Australian Prudential Regulation Authority APRA, which failed to detect Australia's biggest corporate disaster - the $A5.3 billion ($US3.24 billion) HIH Insurance collapse - will be overhauled and its board dump CANBERRA, April 17 Asia Pulse - The Australian...
Tags: Prudential Insurance Company of America
Research articles 2003-04-17
APRA bars former HIH director from holding senior position.(World)(Australia. Prudential Regulation Authority)(Dominic Fodera of HIH Insurance Ltd.)(Brief Article)
Byline: Barbara Cockburn SYDNEY, Australia-The Australian Prudential Regulation Authority has barred the former finance director of failed insurer HIH Insurance Ltd. from holding a senior role in an insurance company. Dominic Fodera, who held se Byline: Barbara Cockburn ...
Tags: insurance company, Prudential Insurance Company of America
Research articles 2005-08-01
Australia disqualifies GenRe executive; Court had overturned previous ban over financial reinsurance.(Australia. Prudential Regulation Authority)(Brief article)
Byline: SARAH VEYSEY SYDNEY, Australia-The Australian Prudential Regulation Authority has disqualified Milan Vukelic from being a director or senior manager of a general insurer for his role in financial reinsurance transactions, which he knew wou Byline: SARAH VEYSEY SYDNEY, Australia-The...
Tags: financial, Prudential Insurance Company of America
Research articles 2007-07-30
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