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Status: Open to submissions
17 March 2023

Prudential Standard SPS 530 Investment Governance in Superannuation

This page contains information on APRA's consultation on Prudential Standard SPS 530 Investment Governance in Superannuation (SPS 530).

November 2022

 

On 17 November 2022, APRA released for consultation updated guidance on investment governance for superannuation trustees, to assist trustees in meeting their requirements under the recently strengthened Prudential Standard SPS 530 Investment Governance.

Feedback on the draft guidance and the integrated version of the guidance will be received until 17 March 2023.

The letter to industry, the draft Prudential Practice Guide - SPG 530 Investment Governance and the draft Prudential Practice Guide - SPG 530 Investment Governance integrated version can be found below:

Letter
 

Investment governance: Revised prudential practice guide

Prudential practice guide

July 2022

 

On 19 July 2022, APRA released its final revisions to Prudential Standard SPS 530 Investment Governance (SPS 530). This is accompanied by a response to submissions paper, which notes the key revisions following industry consultations, in September 2021. 

The final revisions are aimed at ensuring better member outcomes through updated requirements that enhance stress testing, valuation and liquidity management practices.

The response paper, final and marked up versions of SPS 530 and non-confidential submissions are available below:

Letter

 

Response to submissions - Strengthening investment governance

Prudential Standard

Non-confidential submissions


September 2021

 

On 29 September 2021, APRA released for consultation its proposed revisions to Prudential Standard SPS 530 Investment Governance. 

The proposed revisions to SPS 530 respond to findings from APRA’s unlisted asset valuation thematic review and APRA’s 2018-2019 post-implementation review (PIR) of the superannuation prudential framework. The updates focus on enhancements to stress testing, valuation and liquidity management practices. This consultation will run until 16 February 2022. 

The consultation letter and clean and marked-up versions of the draft prudential standard can be found below:

Letter

 

Strengthening investment governance

 

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.