Dec 10 (Reuters) - APRA:
* REDUCES ALLIANZ'S ADDITIONAL CAPITAL REQUIREMENT BY $100M
* REDUCTION APPLIED TO ALLIANZ AUSTRALIA REQUIREMENTS IN RESPONSE TO PROGRESS IN ADDRESSING ISSUES FOUND IN INSURER'S RISK GOVERNANCE ASSESSMENT
* IN RECOGNITION OF WORK UNDERTAKEN BY ALLIANZ TO DATE, REDUCED ADDITIONAL CAPITAL REQUIREMENT TO $150 MILLION
* REMOVAL OF RESIDUAL $150 MILLION CAPITAL CHARGE WILL NOT BE CONSIDERED UNTIL ALLIANZ EMBEDS REQUIRED IMPROVEMENTS ACROSS ITS BUSINESS