‘Foreign ADI’, is defined in APS 001 to have the same meaning as under section 5 of the Banking Act. The terms “branch of a foreign bank” and “branch of a foreign ADI” are also used in APRA Reporting Standards and Reporting Forms when referring to a …

‘Group’, is defined in APS 001 as reference to a corporate group that comprises of more than one company that are related bodies corporate within the meaning of section 50 of the Corporations …

‘Head of the group’, means the head or parent entity of a Level 2 or Level 3 group, as relevant. Where a Level 2 group operates within a Level 3 group, a requirement expressed as applying to the head of the group, is to be read as applying to the “Level 3 …

‘Level 1’ ADI, means the ADI itself, as defined in APS 001 (see definition above). …

‘Level 2’ ADI group, means the entities that comprise “Level 2”, as defined in APS 001. …

‘Level 3’ group, as defined in APS 001 and 3PS 001, means the conglomerate group at the widest level and include all institutions determined by APRA to be members of a Level 3 group. APRA may determine a Level 3 group where it considers that material …

‘Level 3 head’, is defined in 3PS 001 to mean: an ADI or authorised NOHC under the Banking Act; a general insurer or authorised NOHC under the Insurance Act; or a life company or registered NOHC under the Life Insurance Act, determined by APRA to be the …

‘Limited assurance’, is defined in APS 001, in accordance with the AUASB’s Framework for Assurance Engagements . …

‘Prudential Requirements’ [23] , is defined in APS 001 and includes requirements imposed by: the Banking Act; Regulations (made under the Banking Act); APRA Prudential Standards (made under the Banking Act); the FSCODA; APRA Reporting Standards (made …

‘Reasonable assurance’, is defined in APS 001, in accordance with the AUASB’s Framework for Assurance Engagements . …