Banking, Insurance, Life Insurance, Health Insurance and Superannuation (prudential standard) determination No. 2 of 2023 (Cth)

Banking, Insurance, Life Insurance, Health Insurance and Superannuation (prudential standard) determination No. 2 of 2023 Prudential Standard CPS 230 Operational Risk Management Banking Act 1959 Insurance Act 1973 Life Insurance Act 1995 Private Health Insurance (Prudential Supervision) Act 2015 Superannuation Industry (Supervision) Act 1993

I, John Lonsdale, a delegate of APRA:

(a) under subsections 11AF(3) of the Banking Act, 32(4) of the Insurance Act, and 230A(5) of the Life Insurance Act, REVOKE Banking, Insurance and Life Insurance (prudential standard) determination No. 6 of 2016 including Prudential Standard CPS 231 Outsourcing made under that determination;

(b) under subsections 11AF(3) of the Banking Act, 32(4) of the Insurance Act, and 230A(5) of the Life Insurance Act, REVOKE Banking, Insurance and Life Insurance (prudential standard) determination No. 7 of 2016 including Prudential Standard CPS 232 Business Continuity Management made under that determination;

(c) under subsection 92(5) of the PHIPS Act, REVOKE Health Insurance (prudential standard) determination No. 4 of 2015, including Prudential Standard HPS 231 Outsourcing made under that determination;

(d) under subsection 34C(6) of the SIS Act, REVOKE Superannuation (prudential standard) determination No. 3 of 2012 including, Prudential Standard SPS 231 Outsourcing made under that determination, and Superannuation (prudential standard) determination No. 4 of 2012 including Prudential Standard SPS 232 Business Continuity Management made under that determination;

(e) under subsection 11AF(1) of the Banking Act, DETERMINE the prudential standard which applies to all ADIs and authorised banking NOHCs;

(f) under subsection 32(1) of the Insurance Act, DETERMINE the prudential standard which applies to all general insurers and authorised insurance NOHCs and subsidiaries of general insurers and authorised insurance NOHCs;