When the information was first revealed in 2019, APRA said staff participated in NIDA's presentation skills training courses because executives: “frequently attend events and conferences to deliver speeches and presentations, or take part in panel discussions, where they communicate industry developments to stakeholders and media". The latest one for ‘human resources services’ is valued at $113,316.50 for the two years to April 2023.ĪPRA declined to comment for this report. Previous contracts totalled more than $430,000. This makes the bankers and analysts of the notoriously media-shy regulator - which supervises the financial stability of key institutions such as the banks, super funds and insurers - the colleagues of former graduates Cate Blanchett, Mel Gibson and Hugo Weaving. Staff at our prudential regulator are now her colleagues. The prudential regulator continues to keep good company, training with Australia's most prestigious drama school, NIDA, the National Institute of Dramatic Art.Ĭate Blanchett, pictured at the Academy Awards in Hollywood this year, is a graduate of NIDA. There is nothing illegal about buying services from companies based in Singapore or The Netherlands, but both locations are controversial due to the way their tax systems allow multinational companies to shift profit from higher-taxing countries like Australia. But the regulator paid $144,174 to LinkedIn’s Singapore office for ‘education and training services’. The Australian Prudential Regulation Authority paid $526,613.40 for the four-year lease on its South Australian office to a company called ’25 Grenfell Street Adelaide Real Estate Netherlands B.V.’.
Prudential regulator APRA works to keep the entire financial system stable.īut it has two contracts that send money for services provided in Australia to companies based in countries that are sometimes used as a destination to legally minimise tax. "Given the breadth of clients, industries and mediums our agency works across, I image they’d take it with a grain of salt." Contract quirks
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