APRA determines Superannuation Data Transformation reporting standards

The Australian Prudential Regulation Authority (APRA) has determined the reporting standards developed under the first phase of its multi-year Superannuation Data Transformation (SDT). These 10 reporting standards will significantly enhance the data reported to APRA by superannuation trustees. This includes expanding the collection to include all products and investment options, improved data on performance, fees and costs, asset allocation classifications, insurance arrangements, expenses and member demographics. The reporting standards are available on APRA’s website.

The reporting standards include minor amendments to the versions of the reporting standards APRA released as part of the response to consultation in March 2021. These minor amendments incorporate clarifications issued publicly as Frequently Asked Questions. For further information see: Consultation on APRA's Superannuation Data Transformation.

APRA has also published the Superannuation Data Transformation Regulation Impact Statement, which the Office of Best Practice Regulation (OBPR) assessed as good practice: Regulation impact statements.