Proposed changes to governance
This page contains information regarding APRA's consultation on proposed changes to its governance and fit and proper requirements.
March 2025
On 6 March 2025, APRA released a discussion paper with eight proposals to update its core requirements for bank, insurer and superannuation trustee governance.
Consultation is now open, for three months.
APRA will hold roundtable discussions with industry and other stakeholders to explore the issues and options identified by this paper and their anticipated impacts.
APRA also invites written submissions in response to this paper. Please send them to PolicyDevelopment@apra.gov.au by 6 June 2025.
Feedback on the discussion paper will inform draft revisions to governance requirements, consultation on which is expected to occur in H1 2026.
Discussion paper
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.