• Service: Topics, Financial Services Regulation
  • Industry: Financial Services, Banking
  • Type: Regulatory update
  • Date: 13/06/2013

Australian Mutuals – Key developments and updates

This series of KPMG publications cover proposed or new prudential reporting changes affecting the Australian Mutuals sector.

Mutuals: Proposed new capital and remuneration disclosures under APS 330 

The Australian Prudential Regulation Authority (APRA) released in April its consultation paper Basel III disclosure requirements: Composition of capital and remuneration and draft revised standard APS 330 Public Disclosure regarding the revised Pillar 3 disclosures for all locally incorporated Authorised Deposit-taking Institutions (ADIs).

This summary document outlines the changes on the composition of capital (revised disclosures) and new remuneration disclosures required for 30 June 2013.


Key insights

  • Proposed new capital and remuneration disclosures effective for 30 June 2013 prudential reporting period.
  • Immediate impacts with new disclosures regarding capital features/terms required for 30 June 2013.
  • Limited time to establish processes over collection of new information.

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Financial services regulation

Financial services regulatory change
Regulation can involve change and complexity, however many organisations use regulatory to underpin business transformation and drive change.


KPMG’s Banking practice in Australia is well placed to help clients successfully navigate challenging times and capitalise on opportunities.