APRA Corporate Plan 2024-25 - Accessible infographics

Below are accessible text-only versions of the infographics used in the APRA Corporate Plan 2024-25.

Strategy on a page

Our purpose and regulatory tools

Our purpose: We are Australia's prudential regulator and are responsible for ensuring that Australian's financial interests are protected. We promote the safety and stability of the financial system, while balancing competition and efficiency considerations.

Our people enliven our purpose, through their dedication and commitment to our work and our values.

Our regulatory tools include our powers to set, supervise and enforce standards and if necessary, ensure the resolution of the entities in an orderly manner.

Our strengths

System-wide perspective
Domestic and international relationships
Values, expertise and insight

Our strategic objectives

Maintain financial and operational resilience
Respond to significant and emerging risks
Address industry-specific challenges

Our key enablers

Technology and data: informing risk-based decision-making
Our people: empowered by an inclusive, agile and effective organisation
Supervision excellence: modern and future-ready capabilities

Our outcomes

Safety and resilience of regulated entities
A stable financial system
A financial system enabling good community outcomes

Strategic shifts

As outlined below, APRA has identified nine strategic shifts where it will heighten regulatory focus.

Strategic objective: Maintain financial and operational resilience

Financial resilience
Operational resilience
Cyber resilience
Crisis preparedness
GCRA

Strategic objective: Respond to significant and emerging risks

Climate and nature risk
New and changing business models

Strategic objective: Address industry-specific challenges

Retirement incomes
Protection gap for household insurance

Industry priorities

Banking snapshot

APRA regulates 138 licensed authorised deposit-taking insitutions (ADIs). This includes:

74 Banks (excluding mutuals)
56 Mutual ADIs
7 Other ADIs (any licensed ADI not defined as a bank, mutual or restricted ADI)
1 Restricted ADI

Regulated assets

$6,217 billion in total regulated assets
Residential mortgages total credit outstanding: $2,230bn*
Total deposits: $3,992bn*

Industry-wide capital ratios remain strong in 2024**

Common Equity Tier 1 Capital ratio: 12.7%
Tier 1 Capital ratio: 14.7%
Total Capital ratio: 20.5%

Industry-wide liquidity ratios remain strong in 2024

Minimum Liquid Holdings (MLH): 17.8%
Net Stable Funding Ratio (NSFR): 118.2%
Liquidity Coverage Ratio (LCR): 136.5%

MLH ratio is the percentage ratio of specified liquid assets, to liabilities. NSFR is calculated as available stable funding divided by required stable funding. LCR is the percentage ratio of high-quality liquid assets to total net cash outflows.

Figures as at 31 March 2024.
* Note this excludes Other ADIs
** The ratios for common Equity Tier 1 Capital, Tier 1 Capital and Total Capital are each calculated against Total risk-weighted assets.

Superannuation snapshot

105 APRA-regulated funds
69 RSE licensees
$2.7 trillion in total APRA-regulated assets
23.1 million accounts*
4.7 million accounts* currently over preservation age
3.9 million additional accounts* approaching preservation age in 10 years

Industry concentration - total members' benefits**

2020 RSE Licensees

Top 5: 40%
6 to 10: 22%
11 to 20: 20%
Rank 21 & below: 17%

2021 RSE Licensees

Top 5: 40%
6 to 10: 23%
11 to 20: 20%
Rank 21 & below: 17%

2022 RSE Licensees

Top 5: 46%
6 to 10: 22%
11 to 20: 19%
Rank 21 & below: 13%

2023 RSE Licensees

Top 5: 46%
6 to 10: 21%
11 to 20: 20%
Rank 21 & below: 12%

2024 RSE Licensees

Top 5: 47%
6 to 10: 20%
11 to 20: 22%
Rank 21 & below: 11%

Average member balance by age*

45 to 49 - $130,279
50 to 54 - $163,365
55 to 59 - $203,469
60 to 64 - $234,380
65 to 69 - $263,722

Figures as at 31 March 2024. APRA-regulated funds with more than six members. Preservation age of 60 years.
* Data also includes exempt public sector schemes.
** Ranked by total members' benefits under RSEL. The top-ranked RSEL held the largest amount of members' benefits.

Insurance snapshot

88 General insurers
34 Life insurers and friendly societies
30 Private health insurers

$300.7 billion in assets across the three insurance sectors:

$146.4bn Life insurers and friendly societies
$133.9bn General insurers
$20.4bn Private health insurers

Industry-wide prescribed capital amount ratios remain strong*

General insurers: 1.81x
Life insurers and friendly societies: 2.03X
Private health insurers: 2.58X

Figures as at 31 March 2024.
Data provided is based on the revised reporting framework to reflect the implementation of Australian Accounting Standards Board 17 Insurance Contracts (AASB17) and revised capital framework for private health insurers.
* Prescribed Capital Amount coverage ratio = capital base divided by prescribed capital amount.