Prudential Standard 3PS 222

This prudential standard is applicable to financial institutions operating under the Banking Act 1959, Insurance Act 1973, and Life Insurance Act 1995. It sets out requirements for managing intra-group transactions and exposures to ensure the safety and soundness of entities within a corporate group. The primary focus is on ensuring financial stability by mitigating risks such as contagion and conflicts of interest that could arise from intra-group activities. Administered by the Department of the Treasury, this legislative instrument is binding on the entities it applies to. The latest version was made effective on September 14, 2016, and forms part of Australia's financial regulatory framework.