Annual reports
59 Annual reports
The annual report prepared by the Chair and given to the Minister under section 46 of the Public Governance, Performance and Accountability Act 2013 for a period must include the following:
information on the following matters under the Banking Act 1959:
the activities of persons conducting investigations under Division 2 of Part II of the Banking Act 1959;
the activities of persons conducting investigations under section 61 of the Banking Act 1959;
the operation of Division 2AA (Financial claims scheme for account‑holders with insolvent ADIs) of Part II of the Banking Act 1959;
information on the following matters:
the activities of Banking Act statutory managers (within the meaning of the Banking Act 1959);
the activities of Insurance Act statutory managers (within the meaning of the Insurance Act 1973);
the activities of Life Insurance Act statutory managers (within the meaning of the Life Insurance Act 1995);
information on the operation of Part VC (Financial claims scheme for policyholders with insolvent general insurers) of the Insurance Act 1973;
information on the exercise during the period of APRA’s powers under Part 15 of the Retirement Savings Accounts Act 1997 and under Part 29 of the Superannuation Industry (Supervision) Act 1993;
a statement of the number of times during the period that APRA determined, under subsection 13(1) of the Financial Sector (Collection of Data) Act 2001, a reporting standard that is not a legislative instrument;
information about investigations (including joint investigations) conducted by APRA under Division 1 of Part 4 of Chapter 3 of the Financial Accountability Regime Act 2023 during the period;
information on any other matters required by the regulations.
Subparagraphs (2)(a)(i) and (ii) do not authorise the inclusion in the annual report of information with respect to the affairs of a particular ADI or authorised NOHC, a particular subsidiary of an ADI or authorised NOHC, or a particular customer of an ADI.
Paragraph (2)(bb) does not authorise the inclusion in the annual report of information with respect to the affairs of a particular person.
In this section:
ADI has the same meaning as in the Banking Act 1959.
authorised NOHC has the same meaning as in the Banking Act 1959.
This provision refers to the regulations (the regulations
). Made under this Act:
- Australian Prudential Regulation Authority Instrument fixing charges No. 2 of 2018 · under para 51(1)(b)
- Australian Prudential Regulation Authority Instrument fixing charges No. 4 of 2018 · under para 51(1)(a)(b)
- Australian Prudential Regulation Authority instrument fixing charges No. 1 of 2017 · under para 51(1)(a)
9 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.