APRA have released their update to the prudential standards in response to AIFRS. Have a look here. I have not gone through them myself yet, but lets hope they are better that the transitional provisions which essentially required ADIs to account under the old standards.

The main changes are (apparently) to APS 111 on the measurement of capital and APS 220 on credit quality. Both of these would have had their major changes emanating from AASB 139 (Financial Instruments, Reconition and