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Australian Government Department of the Treasury – Provides an overview of the economy and key participants:

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The Treasury provides advice, analysis, forecasting and modelling on the domestic and global economy to the Treasurer and other portfolio ministers.

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Reserve Bank of Australia (RBA) – Information on the Australian economy, including businesses, government, and the financial sector:

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We are Australia's central bank and serve the people of Australia.

We conduct monetary policy, determine payments system policy, work to maintain a stable financial system, issue the nation's banknotes, operate the core of the payments system and provide banking services to the government.

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We are Australia's central bank. We conduct monetary policy, work to maintain a strong financial system and issue the nation's currency.

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Australian Bureau of Statistics (ABS) – Economic indicators and insights on households, businesses, and the foreign sector:

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Australian Trade and Investment Commission (Austrade) – Focuses on Australia's trading partners and foreign investment:

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australian trade and investment commission

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Assisting Australian businesses to succeed in trade and investment. Help with sourcing goods and services from Australia. Australian Trade and Investment Commission.

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Economics Help – Explains how households, businesses, and government are interdependent in an economy:

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Economics Help.org has over 2,000 articles and revision notes for economics students. Latest economic news, videos, blog and graphs. All the resources for helping to improve your economics.

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World Bank – Global Economic Interdependence – Provides a broader view of how countries and their economies rely on each other:

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Get the latest World Bank data and publications. Access economy facts, statistics, project information, and development research from World Bank experts.

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4. Roles of Government and the Financial Sector

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4. Roles of Government and the Financial Sector

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Australian Government – Role of Government in the Economy – Explains how the government influences the economy:

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Financial Sector Information – Australian Prudential Regulation Authority (APRA) – Regulates financial institutions and explains their role:

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This page provides an overview of APRA's role, as well as our mandate, vision and values

APRA's role

The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation, and is accountable to the Australian Parliament.

APRA was established by the Australian Government on 1 July 1998 following the recommendations of the Wallis Inquiry into the Australian financial system. Prudential regulation is concerned with maintaining the safety and soundness of financial institutions, so that the community can have confidence that they will meet their financial commitments under all reasonable circumstances.

APRA oversees:

authorised deposit-taking institutions (such as banks, building societies and credit unions)

general insurers

life insurers

friendly societies

private health insurers

reinsurance companies, and

superannuation funds (other than self-managed funds).

Under the legislation that APRA administers, APRA is tasked with protecting the interests of depositors, policyholders and superannuation fund members.

APRA promotes financial system stability by working closely with the Australian Treasury, the Reserve Bank of Australia, and the Australian Securities and Investments Commission.

While APRA seeks to reduce the likelihood of a financial institution failing, it cannot, and does not, guarantee that failure may never occur. In the unlikely event an APRA-regulated institution were to fail, APRA has the role of administering the Financial Claims Scheme when activated by the Australian Government. This Scheme allows depositors of a failed deposit-taker to access their funds (up to a limit) in a timely manner, or provides general insurance policyholders with access to funds (up to a limit) to meet an eligible claim.

APRA also acts as a national statistical agency for the financial sector, collecting data both for its own uses and on behalf of the Reserve Bank of Australia and the Australian Bureau of Statistics. We provide this data in our statistical publications.

Our purpose

Our purpose is to ensure Australians' financial interests are protected and that the financial system is stable, competitive and efficient.

More information is available in the 2021-25 Corporate Plan.The publication is available below:

An accessible version of the Corporate Plan can be found here.

Our vision

In order to reflect APRA's forward-looking philosophy, our Vision is focused on two strategic themes: Protected today, prepared for tomorrow.

Our values

Our values underpin the critical role we play in protecting the financial well-being of the Australian community. Our values were selected to help everyone at APRA to achieve the high standards necessary for us to protect the financial well-being of the Australian community. In our work and in our interactions with others, we seek to demonstrate:

Integrity - we act without bias, are balanced in the use of our powers, and deliver on our commitments.

Collaboration - we actively seek out and encourage diverse points of view, to produce well-founded decisions

Accountability - we are open to challenge and scrutiny, and take responsibility for our actions

Respect - we are always respectful of others, and their opinions and ideas

Excellence - we maintain high standards of quality and professionalism in all that we do

Working and acting in these ways helps us achieve the high standards necessary for us to protect the financial well-being of the Australian community. Our supervisory approach is forward-looking, primarily risk-based, consultative, consistent and in line with international best practice. This approach also recognises that management and boards of supervised institutions are primarily responsible for financial soundness.

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This page provides an overview of APRA's role, as well as our mandate, vision and values The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation, and is accountable to the Australian Parliament.

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Department of Foreign Affairs and Trade (DFAT) – Explores Australia’s relationships with foreign sectors through trade and investment:

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Australian Government Department of Foreign Affairs and Trade

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Department of Foreign Affairs and Trade

The Department of Foreign Affairs and Trade (DFAT) promotes and protects Australia's international interests to support our security and prosperity.

We work with international partners and other countries to tackle global challenges, increase trade and investment opportunities, protect international rules, keep our region stable and help Australians overseas.

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The Department of Foreign Affairs and Trade (DFAT) promotes and protects Australia's international interests to support our security and prosperity. We work with international partners and other countries to tackle global challenges, increase trade and investment opportunities, protect international rules, keep our region stable and help Australians overseas.