APRA timing of macroprudential action

Question

Senator BRAGG: When did APRA first raise the spectre that they would deploy a macroprudential tool like the restraint on 80 per cent LVR loans? Ms Kelly: We would have to take on notice the actual dates, but APRA's decision was a pre-emptive move to limit the build-up of risk in the system. That would have been informed by data that they were seeing in the market, advice from the Reserve Bank of Australia and various other factors. It was a pre-emptive move to limit buildup and risk in the system and they've been quite clear about that.

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000495 APRA timing of macroprudential action.pdf (opens in a new tab)