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The current article states that APRA is an independent statutory authority of the Commonwealth Government.
However, an article in the SMH appears to contradict this:
Who owns APRA? It is a private authority funded by its members, the banks and insurance companies which it also regulates.
It is, moreover, a secretive organisation which prefers to work behind the scenes. Some of this work is rumoured to be quite good. It is said to have been proactive for instance on the non-bank holding company restructure and recapitalisation of Macquarie Group before the credit crisis hit.
What's the story??? cojoco (talk) 01:03, 15 October 2008 (UTC)
APRA is an independent statutory authority. The journalist simply had no idea what he was talking about.126.96.36.199 (talk) 07:32, 25 April 2009 (UTC)
Should there be a list of failures under APRA. These would include HIH, NAB FX and Homeside, Opes Prime, Storm Financial,MFS, Westpoint, TRIO, Banksia (not under APRA but should it have been?). — Preceding unsigned comment added by 188.8.131.52 (talk) 23:01, 21 April 2013 (UTC)