Corporate Governance in Australian Credit Unions – What are the Regulatory Requirements and Best Practices to Follow?
Abstract:The Australian Prudential Regulation Authority (APRA) is the prudential regulator of credit unions. Some companies regulated by APRA also attract the provisions of the Corporations Act and the ASX listing rules. However, many, including credit unions, are not listed. Those that have issued debentures attract the provisions of the Corporations Act.
This article details the best practices credit unions can follow in order to ensure compliance.
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