The Australian Prudential Regulation Authority (APRA) has introduced its latest Innovate Reconciliation Action Plan (RAP) covering the period from October 2025 to September 2027. Marking its second Innovate RAP and third RAP overall since 2017, APRA aims to build on previous commitments to foster reconciliation in Australia.
The new plan outlines four principal themes. Firstly, it aims to create a work environment that actively attracts, retains, and develops Aboriginal and Torres Strait Islander employees. Secondly, it seeks to broaden the reach of RAP activities across APRA’s five offices nationwide while fostering local cultural connections. Thirdly, the plan encourages more APRA employees to engage directly with First Nations people and cultures, thereby enhancing cultural awareness and facilitating contributions to reconciliation within the broader Australian community. Lastly, APRA intends to explore its specific role in promoting reconciliation alongside other financial regulators, ensuring that its activities align with its mandate.
These actions are designed to complement APRA’s inclusion and diversity strategy, reinforcing its commitment to advancing reconciliation within the organisation.
For further details, readers can view APRA’s Innovate Reconciliation Action Plan for 2025-2027 and learn more about APRA’s Inclusion & Diversity strategy through their official website.
