Australian Prudential Regulation Authority APRA collects data from the financial sector entities on behalf of the ABS (Australian Bureau of Statistics) and the RBA (Reserve Bank of Australia). The collections are used to compile key macroeconomic indicators and also a vital input for measuring and assessing both activity and risk in the financial sector and for AU economy more broadly. It has not been comprehensively reviewed or materially updated since early 2000s. New and changing international reporting standards combined with an evolving financial sector has resulted in a growing disconnect between the data collected and what is actually required to fulfill reporting obligations.