APRA releases information on getting ready for APRA Connect go-live
The Australian Prudential Regulation Authority (APRA) has published further information to assist entities in getting ready for APRA Connect.
APRA Connect will be available from 13 September for entities to maintain entity information such as contact details, Responsible Persons and related parties (including Banking Executive Accountability Regime (BEAR) reporting for Authorised Deposit-taking Institutions (ADIs)).
The first regulatory data collections to be introduced in APRA Connect are the Superannuation Data Transformation collections, due in September 2021 and Private Health Insurance (PHI) Reform (HRS 605.0), due in October 2021.
Entities that have accessed APRA Connect test environment to become familiar with system functionality and to practice data preparation and submission are in a good position for production go-live.
All entities now need to prepare for APRA Connect production go-live and nominate their initial Regulatory Reporting Administrator via the D2A form RRA_PROD: APRA Connect nomination for 13 September go-live in readiness for production.
See more information on getting ready for APRA Connect.
Media enquiries
Contact APRA Media Unit, on +61 2 9210 3636
All other enquiries
For more information contact APRA on 1300 558 849.
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.