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Superannuation

The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper introducing its proposals for prudential standards for the superannuation industry. This paper outlines the range of topics to be covered in prudential standards and the key requirements APRA expects to include in each standard.

The Assistant Treasurer and Minister for Financial Services and Superannuation announced on 21 September 2011 that the Government will release draft legislation to enable APRA to make prudential standards.

The Australian Prudential Regulation Authority (APRA) today released the results of research into investment in illiquid assets by large APRA-regulated superannuation funds.

The research, released in the APRA Working Paper Risk and return of illiquid investments: A trade-off for superannuation funds offering transferable accounts, examines investments in illiquid assets and the subsequent impact on portfolio performance. Illiquid assets include directly held property, unlisted property trusts, infrastructure investments, private equity and hedge funds.

The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper outlining its proposed implementation of the Basel III liquidity reforms in Australia.

The discussion paper and draft Prudential Standard APS 210 Liquidity (APS 210) incorporate the Basel III liquidity reforms released by the Basel Committee on Banking Supervision in December 2010 and enhanced qualitative requirements outlined in the Basel Committee’s Principles for Sound Liquidity Risk Management and Supervision released in September 2008.

12.03

The Australian Prudential Regulation Authority (APRA) today released performance data for individual superannuation funds, covering the eight-year period from 2004 to 2011.

The performance data are for APRA-regulated funds — with the exception of small APRA funds, single-member approved deposit funds and pooled superannuation trusts — and are provided in the following two publications:

The Australian Prudential Regulation Authority (APRA) today released its December 2011 Quarterly Superannuation Performance publication.

Total estimated superannuation assets, which includes the assets of self-managed superannuation funds and the balance of life office statutory funds, rose by $15.8 billion (1.2 per cent) to $1.31 trillion over the 12 months to 31 December 2011, taking into account an increase of $23.8 billion (1.9 per cent) in total assets over the December quarter.

The Australian Prudential Regulation Authority (APRA) today released the results of research into the relationship between fund size and the performance of APRA-regulated superannuation funds.

The research, released in the APRA Working Paper Effect of fund size on the performance of Australian superannuation funds, examines three ways that members could possibly benefit from being invested in larger funds: better gross investment returns, lower investment expenses and lower operating expenses.

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