Remuneration reform - timeline
The timeline for APRA’s remuneration reforms is as follows:
- The new CPS 511 was consulted on with industry in July 2019 and November 2020, finalised in August 2021 and will be implemented from January 2023.
- The new CPG 511 was consulted on with industry in April 2021 and finalised in October 2021.
- APRA will consult on new reporting and disclosure requirements in 2022 and finalise these in 2023.
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.