Level 3 Conglomerate Prudential Standards Remaking

APRA News & Publications

Published March 31st, 2026

Detected March 31st, 2026

Summary

APRA released a consultation package proposing minor amendments to Level 3 conglomerate prudential standards. The remaking ensures existing standards remain current without substantial policy changes. Written submissions are due by 29 May 2026.

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What changed

APRA has released a consultation on remaking Level 3 conglomerate prudential standards. The agency proposes minor amendments to ensure the standards remain current, rather than making substantive policy changes. The consultation applies to conglomerates under APRA's prudential supervision.

Regulated entities should review the consultation package and prepare written submissions by 29 May 2026. While the changes are described as minor, conglomerates should assess whether any amendments affect their existing compliance obligations or reporting requirements.

What to do next

Review the consultation package on Level 3 conglomerate standards
Assess impact on your conglomerate's existing prudential obligations
Submit written comments by 29 May 2026

Source document (simplified)

Media Releases

APRA releases consultation on remaking Level 3 conglomerate standards

Tuesday 31 March 2026

Print Email The Australian Prudential Regulation Authority (APRA) has today released a consultation package on remaking Level 3 conglomerate prudential standards. APRA proposes to remake the standards with minor amendments to ensure the standards remain current. Written submissions are due by 29 May 2026.

The consultation package can be viewed on APRA's website at: Remaking Level 3 conglomerate standards

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.