Which Act Gives Extensive Powers to APRA Over Almost All

question 26

Multiple Choice

Which Act gives extensive powers to APRA over almost all aspects of banking operations?

• A)APRA Act 1998.
• B)Reserve Bank Act 1959.
• C)Banking Act 1959.
• D)Shareholdings Act 1972.

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Definitions:

Income Taxes

Taxes imposed by the government on the income generated by businesses and individuals.

Net Present Value

A financial metric that calculates the present value of all cash flows (both incoming and outgoing) associated with an investment, adjusted for time and interest.

Internal Rate of Return

A financial metric used to evaluate the profitability of an investment, indicating the annual return that makes the net present value of all cash flows from a particular project equal to zero.

Cash Flows

The sum of cash flowing in and out of a company, particularly influencing its available cash assets.