Australian Prudential Regulation Authority | 54,339 followers on LinkedIn. APRA is Australia's prudential regulator of banks, insurance companies and most superannuation funds. | The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry. It oversees banks, credit unions, building societies, general and life insurance and reinsurance companies, private health insurance, friendly societies, and most members of the superannuation industry. Our mandate is to protect the Australian Community by establishing and enforcing prudential standards and practices designed to ensure that, under all reasonable circumstances, financial promises made by institutions we supervise are met within a stable, efficient and competitive financial system.