(18)Finally, with regard to the effective supervision and enforcement of the legal arrangements in Australia, APRA has primary responsibility for the monitoring and enforcement of compliance with Prudential Standard CPS 226. APRA can take a wide range of supervisory measures including undertaking a formal investigation into the affairs of an institution, imposing conditions on an institution’s licence or issuing directions related to particular matters, appointing a statutory manager, judicial manager or replacement trustee to manage an institution’s affairs, initiating criminal action against persons or institutions or seeking restraining orders. Those measures should therefore be considered to provide for the effective application of the relevant legal, regulatory and enforcement arrangements under Prudential Standard CPS 226 in an equitable and non-distortive manner and to ensure effective supervision and enforcement equivalent to the supervisory and enforcement arrangements available under the Union legal framework.