Financial Accountability Regime Act 2023

to provide for a strengthened accountability framework for:

financial entities in the banking, insurance and superannuation industries; and

persons who hold certain positions, or have certain responsibilities, related to those financial entities; and

to confer on APRA and ASIC functions and powers (including information gathering, investigation and enforcement powers) that:

relate to obligations under that framework; and

can be performed and exercised in aid of their functions and powers under other laws.