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APRA registers new non-operating holding company – St Andrew’s Australia Services Pty Ltd

The Australian Prudential Regulation Authority (APRA) has registered St Andrew’s Australia Services Pty Ltd as a non-operating holding company of one registered life insurer under the Life Insurance Act 1995, and one authorised general insurer under Insurance Act 1973.

An updated list of all APRA authorised non-operating holding companies NOHCs can be found on the APRA website at: Register of non-operating holding companies.

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.