The Australian Prudential Regulation Authority (APRA) has published its response to consultation on minor proposals affecting instruments made under section 66 of the Banking Act 1959, and released a finalised instrument. The proposals related to section 66 exemption and determination instruments that are due to sunset later in 2025 or needed updates to reflect current practice. APRA also published its consultation response letter and the non-confidential submissions alongside the final instrument.
Australian Prudential Regulation Authority 2025-09-17
Australian Prudential Regulation Authority issues consultation response and finalises section 66 Banking Act instruments
APRA issued its response to a consultation on minor proposals concerning instruments under section 66 of the Banking Act 1959, releasing a finalized instrument. The proposals addressed section 66 exemption and determination instruments set to sunset in 2025 or needing updates to align with current practices. APRA also published its consultation response letter and non-confidential submissions.