APRA is the prudential ‘peak’ of the twin peaks model established following the recommendation of the Wallis Inquiry.[1] APRA is responsible for administering a wide range of legislation,[2] most relevantly the Banking Act 1959 (Cth) (the Banking Act), the Life Read More …
Tag: focus
1 History
The general insurance industry began in Australia in about the 1830s.[1] From the 1870s, the commercial insurance industry grew rapidly.[2] By the early twentieth century, the focus of the Australian insurance industry was life insurance, fire insurance and marine insurance Read More …
Introduction
In its public hearings, the Commission focused upon the life insurance and general insurance industries, not on the marine or health insurance industries. This focus was consistent with the complaints made to the Commission, with the misconduct and conduct falling Read More …