APRA publishes updates to FAQs on Superannuation Data Transformation and Outcomes assessment
The Australian Prudential Regulation Authority (APRA) has updated frequently asked questions (FAQs) for both the Superannuation Data Transformation (SDT) project and the outcomes assessment under s. 52(9) of the Superannuation Industry (Supervision) Act 1993.
SDT
The four new FAQs and two updated worked examples for the SDT project provide guidance on commonly-asked questions about reporting and the examples are designed to clarify reporting issues raised by registrable superannuation entity (RSE) licensees.
The FAQs are available on the APRA website at: Frequently Asked Questions - Superannuation Data Transformation
Outcomes assessment
The six updated FAQs assist RSE licensees in undertaking the outcomes assessment, with APRA’s alignment of the timing of the annual performance test and heatmap publications in 2024 and the revocation of Reporting Standard SRS 702.0 Investment Performance (SRS 702.0) on 1 December 2023.
The FAQs are available on the APRA website at: Outcomes assessment under s. 52(9) of the Superannuation Industry (Supervision) Act 1993 - frequently asked questions.
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.