Staff marched up the hill for frugal APRA event | Australian Markets

When it involves an annual catch-up of senior workers, the Australian Prudential Regulation Authority (APRA) has a a lot more modest strategy to that of its fellow regulator the Australian Securities and Investments Commission (ASIC).

While ASIC spent north of $37,000 on venue rent and catering for its annual Leader’s Forum, it seems APRA managed to get the job carried out for $19,588.

APRA, primarily based in Sydney’s Martin Place, seems to have merely walked its staff up the hill to Macquarie Street to make use of the event and catering services of the NSW Parliament.

In a very terse reply to a query on discover from Liberal front-bencher, Michaelia Cash, APRA mentioned the contract lodged with Austender associated to venue rent (together with audio visible providers) and a food bundle for an inner convention for APRA workers.

“The food package included morning tea, lunch and afternoon tea. There was no alcohol or entertainment provided, nor were any decorations purchased,” the APRA response mentioned.

ASIC not too long ago answered a Senate Estimates query from money referring to its annual Leader’s Forum the place it revealed that it had budgeted $90,000 for the event.

The venue rent listed as costing $9,500; whereas catering for roughly 82 attendees was costed at $26,238 and the price of a grasp of ceremonies, session facilitators and journey bills was costed at $44,152.