APRA publishes additional FAQs on the Superannuation Data Transformation Phase 1 reporting standards
The Australian Prudential Regulation Authority (APRA) has published 4 additional frequently asked questions (FAQs) to provide further guidance to RSE licensees on the reporting standards for Phase 1 of the Superannuation Data Transformation (SDT) project.
APRA has also updated General FAQ 1.02 to clarify reporting due dates, including for historical information required under three of the new prudential standards, and it has updated General FAQ 1.12 to clarify reporting expectations for PSTs.
The FAQs are available on the APRA website at: Frequently Asked Questions - Superannuation Data Transformation.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.