Independent Australian government body funded largely by the industries that it supervises.

http://www.apra.gov.au/Pages/default.aspx

The Australian Prudential Regulation Authority (APRA) oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies and most members of the superannuation industry.

APRA supervises Australia’s banks, building societies and credit unions (authorized deposit-taking institutions), life and general insurance and reinsurance companies, friendly societies and superannuation funds (excluding self-managed funds). APRA promotes financial stability by requiring these institutions to manage risk prudently so as to minimize the likelihood of financial losses to depositors, policy holders and superannuation fund members.

Australian Prudential Regulation Authority Act 1998

Australia’s banks, building societies and credit unions (authorized deposit-taking institutions), life and general insurance and reinsurance companies, friendly societies and superannuation funds.

http://en.wikipedia.org/wiki/Australian_Prudential_Regulation_Authority