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Insurance Act 1973
38APRA to monitor prudential matters
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38 APRA to monitor prudential matters
The functions of APRA include: (a) collecting and analysing information on prudential matters concerning general insurers, authorised NOHCs and the subsidiaries of general insurers and authorised NOHCs; and (b) encouraging and promoting the carrying out of sound practices in relation to prudential matters by general insurers, authorised NOHCs and the subsidiaries of general insurers and authorised NOHCs; and (c) evaluating the effectiveness and carrying out of those practices.