APRA publishes FAQs on the Superannuation Data Transformation Phase 1 reporting standards
The Australian Prudential Regulation Authority (APRA) has published a set of frequently asked questions (FAQs) for registrable superannuation entity (RSE) licensees about the Reporting Standards for Phase 1 of the Superannuation Data Transformation. The FAQs clarify issues raised by RSE licensees relevant to meeting reporting obligations.
APRA intends to release FAQs on a regular schedule in the lead up to the first submission of data under the Reporting Standards on 30 September 2021. Reporting entities and subscribers of updates to the FAQs will be informed by APRA as these occur.
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.