Following its December 2010 consultation package, the Australian Prudential Regulation Authority (APRA) has released four prudential standards, intended to consolidate 12 existing standards across the authorised deposit-taking, general insurance and life insurance industries.

The consultation package included drafts of:

Prudential Standard CPS 510 Governance (CPS 510 Governance); Prudential Standard CPS 520 Fit and Proper (CPS 520 Fit and Proper); Prudential Standard CPS 231 Outsourcing (CPS 231 Outsourcing); and Prudential Standard CPS 232 Business Continuity Management (CPS 232 Business Continuity Management).