APRA publishes updates to the Superannuation Data Transformation frequently asked questions
The Australian Prudential Regulation Authority (APRA) has published two additional frequently asked questions (FAQs) for registrable superannuation entity (RSE) licensees to provide further guidance on meeting the Reporting Standards for Phase 1 of the Superannuation Data Transformation.
Included in this update is a clarification to general FAQ 1.01 regarding the use of excel files as a submission format. APRA has also archived 20 FAQs that contain guidance on matters that have now been incorporated into the reporting standards.
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.