Help me keep the pressure on APRA — Australian Prudential Regulation Authority
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What I found on this entity
$175M prudential regulator overseeing $8T in regulated assets. Review coverage near target. No major regulated entity failures. Proportionate cost for systemic importance.
Annual Budget
$175M
Prior year: $165M (+6%)
Headcount
750 staff
$233K per employee
Budget Trend
↑ Budget Growing
Portfolio
Treasury
Performance Targets vs Actuals
Target
100% of regulated entities subject to review within 3-year cycle
Actual
97% of regulated entities reviewed within cycle (2023–24 Annual Report)
$5.25M of your taxes funded APRA oversight that missed 3% of regulated entities
APRA receives $175 million a year to keep banks, insurers and super funds in check, but failed to review all regulated entities within its own three-year cycle. The regulator hit only 97% of its target in 2023–24, meaning roughly 3% of entities dodged scrutiny — representing approximately $5.25 million in funding that didn't deliver the promised oversight. That's your money paying for a watchdog that left gaps in the fence.