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) to provide further guidance to registrable superannuation entity (RSE) licensees on the reporting standards for Phase 1 of the Superannuation Data Transformation project.
APRA is releasing FAQs to clarify reporting issues raised by RSE licensees and to help them meet their reporting obligations.
APRA has also made updates to the SRS 251.0 Insurance worked example.
The FAQs and worked examples 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.