— 1 minute read object(stdClass)#17688 (8) { ["image_intro"]=> string(55) "images/articleimages-391x261/850x492/asic-apra-ad-1.jpg" ["float_intro"]=> string(0) "" ["image_intro_alt"]=> string(13) "ASIC and APRA" ["image_intro_caption"]=> string(0) "" ["image_fulltext"]=> string(0) "" ["float_fulltext"]=> string(0) "" ["image_fulltext_alt"]=> string(0) "" ["image_fulltext_caption"]=> string(0) "" } Jotham Lian A A The Financial Regulator Assessment Authority (Consequential Amendments and Transitional Provisions) Bill 2021 was introduced in Parliament on Thursday and looks to establish a new authority to assess the effectiveness and capability of ASIC and APRA. Advertisement "); googletag.cmd.push(function() { googletag.display('div-gpt-ad-1606778434582-0'); }); } Advertisement The Financial Regulator Assessment Authority will be tasked to evaluate both ASIC’s and APRA’s effectiveness and capability every two years, with ad hoc assessments on particular issues only to be conducted at the request of the minister.