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APRA publishes frequently asked questions on loan repayment deferrals and residential mortgage lending

Thursday 7 May 2020

The Australian Prudential Regulation Authority (APRA) has published guidance for authorised deposit-taking institutions (ADIs) on supervisors’ expectations during the period of disruption driven by COVID-19.

The frequently asked questions (FAQs) cover the following topics:

  • The regulatory capital approach for loan repayment deferrals.
  • Clarification of APRA’s guidance for serviceability assessments in Prudential Practice Guide APG 223 – Residential Mortgage Lending. 

The FAQs will be updated periodically over coming months, and are available on the APRA website at: Banking COVID-19 frequently asked questions.

COVID-19

Media enquiries

Contact Ben McLean, APRA Media Unit, on +61 2 9210 3024

All other enquiries

For more information contact APRA on 1300 558 849.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.