Applying for a MySuper or ERF authorisation
Who needs to hold an authorisation?
An RSE licensee that intends to offer a MySuper product or operate a regulated superannuation fund as an ERF, must seek authorisation from APRA. RSE licensees must apply for authorisation for each MySuper product they wish to offer.
APRA cannot authorise a MySuper product for a fund that has fewer than five members or is an ERF. Only public offer-class RSE licensees may operate an ERF.
MySuper products and ERF authorisations can only be issued to RSE licence holders in respect of a registered APRA-regulated superannuation fund (RSE). If you wish to apply for an RSE licence and/or register an RSE, you need to apply via the approved forms available on the licensing section.
For more information on MySuper and ERF authorisation, see the relevant instruction guide. The guidelines outline APRA’s authorisation process for MySuper and ERFs, including the minimum criteria to be addressed by applicants and the necessary information required to be lodged with an application.
Before you lodge your application for MySuper or ERF authorisation, ensure you have read and are familiar with the prudential framework for superannuation, including relevant legislation, prudential standards and prudential practice guides. You can find all of this information on the superannuation supervision web pages.
The approved form should be completed and lodged with APRA with the required supporting information.
How to access online forms:
- Use your RSE licensee (i.e. Trustee) ABN with your AUSkey.
- Select the RSE (i.e. superannuation fund) you wish to nominate.
- Select application type (i.e. for MySuper – Generic, Large Employer, Material Goodwill).
For more information on MySuper or ERF authorisation, please contact your APRA responsible supervisor, or APRA on 1300 55 88 49 or email info [at] apra.gov.au.