APRA publishes additional FAQs on the Superannuation Data Transformation Phase 1 reporting standards
The Australian Prudential Regulation Authority (APRA) has published additional frequently asked-questions (FAQs) on the Superannuation Data Transformation (SDT) Phase 1 reporting standards.
In today's publication, APRA has clarified Historical Data FAQ 1.0 to confirm reporting periods for investment options other than those underlying a MySuper product or a trustee-directed product. APRA has also published two additional FAQs, including expectations around reporting of withdrawn or closed insurance claims, to provide further guidance to RSE licensees on the reporting standards for Phase 1 of the SDT project.
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.