38
In forceAPRA to monitor prudential matters
Part IIIAPrudential supervision and monitoring of general insurers, authorised NOHCs and their subsidiaries
Division 3Monitoring of prudential matters
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.
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