Proposed technical determination for combining MySuper product performance histories
This page contains all relevant information regarding a technical determination, for consultation, on combining product performance histories for the MySuper Performance Test.
August 2023
On 9 August 2023, APRA released its response to consultation and the final technical determination for combining MySuper product performance histories.
Alongside the response letter to industry, APRA has released an updated information paper on APRA’s methodology for combining performance histories of trustee-directed products for this year’s performance test; and it has also released updates to the Your Future, Your Super legislation and supporting material page.
The response to consultation, the information paper on combining MySuper product performance histories, the marked up and clean version of the final determination, and a non-confidential submission can be found below:
Letter
Information paper
Information paper - Combining MySuper product performance histories – APRA’s approach - August 2023
Technical determination
The final technical determination can also be found on the Federal Register of Legislation website at: Superannuation Technical Determination No. 1 of 2023 Actual and benchmark return formulae modifications.
Non-confidential submission
April 2023
On 20 April 2023, APRA released for consultation a technical determination that seeks to remove the need for APRA to make individual determinations for every MySuper product for which performance histories are required to be combined.
Submissions on APRA's proposal should be sent by Thursday 11 May 2023.
Alongside this consultation, APRA has released an information paper outlining APRA’s methodology for combining performance histories of trustee-directed products for this year’s performance test; and it has also released updates to the Your Future, Your Super legislation and supporting material and the Your Future, Your Super Frequently Asked Questions pages.
The consultation letter and draft technical determination are available below:
Letter
Draft technical determination
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.