APRA publishes updates to FAQs on Superannuation Data Transformation
The Australian Prudential Regulation Authority (APRA) has published two new frequently asked questions (FAQs) and two updated worked examples for the Superannuation Data Transformation (SDT) project.
The new FAQs and updated worked examples relate to reporting expenses under SRS 332.0 Expenses and SRS 550.0 Asset Allocation. They 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.