Banking, Insurance, Life Insurance and Health Insurance (prudential standard) determination No. 1 of 2024 (Cth)

Banking, Insurance, Life Insurance and Health Insurance (prudential standard) determination No. 1 of 2024

Prudential standard CPS 001 Defined terms Banking Act 1959 Insurance Act 1973 Life Insurance Act 1995 Private Health Insurance (Prudential Supervision) Act 2015

I, Clare Gibney, a delegate of APRA:

(a) under subsection 11AF(3) of the Banking Act, REVOKE Banking (prudential standard) determination No. 2 of 2022 including Prudential Standard APS 001 Definitions made under that determination;

(b) under subsection 32(4) of the Insurance Act, REVOKE Insurance (prudential standard) determination No. 1 of 2023 including Prudential Standard GPS 001 Definitions made under that determination;

(c) under subsection 230A(5) of the Life Insurance Act, REVOKE Life Insurance (prudential standard) determination No. 5 of 2023 including Prudential Standard LPS 001 Definitions made under that determination;

(d) under subsection 92(5) of the PHIPS Act, REVOKE Health Insurance (prudential standard) determination No. 1 of 2023 including Prudential Standard HPS 001 Definitions made under that determination;

(e) 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. 1 of 2016 including Prudential Standard 3PS 001 Definitions made under that determination;

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

(g) 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 or authorised insurance NOHCs, where subsidiaries are parent entities of Level 2 insurance groups;