APRA releases letter on updates to Superannuation Data Transformation Phase 2 roadmap
The Australian Prudential Regulation Authority (APRA) has issued a letter to all registrable superannuation entity (RSE) licensees on updates to the roadmap for consultation on reporting standards under Phase 2 of the Superannuation Data Transformation (SDT) project.
APRA is continuing informal industry engagement through industry workshops on conceptual proposals for collections under the topics of Investments and RSE Licensee and RSE Profile. APRA will commence formal consultation on reporting standards for these topics in November 2023 (previously planned for May 2023).
The letter is available on the APRA website at: Updates to consultation roadmap for Phase 2 of the Superannuation Data Transformation project.
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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.