APRA publishes updated FAQ for ADIs on treatment of rural exposures as commercial property and income producing real estate
The Australian Prudential Regulation Authority (APRA) has published a frequently asked question (FAQ) for authorised deposit-taking institutions (ADIs) to clarify when an ADI rural exposure needs to be classified as commercial property and income producing real estate.
The FAQ is available on the APRA website at: Treatment of rural exposures as Commercial Property (ARS 230.0) and Income Producing Real Estate (IPRE) (APS 113) by Internal Ratings-Based (IRB) ADIs - frequently asked question.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.