It’s time to get ready for APRA Connect Test Environment, May 2021
The APRA Connect test environment will be available for entities to start using next month! From 17 June, users will be able to log in and become familiar with APRA Connect, trialling functionality and data preparation so they can be ready for the APRA Connect production environment, scheduled to go live on 13 September 2021.
From September all entities will be responsible for maintaining entity information, such as contact details, Responsible Persons and related parties (including Banking Executive Accountability Regime (BEAR) reporting for Authorised Deposit-taking Institutions (ADIs)) on APRA Connect.
The first data collections to be introduced in APRA Connect at the September 2021 go live will be the Superannuation Data Transformation collections, due in September and Private Health Insurance (PHI) Reform (HRS 605.0), due in October.
Prepare for APRA Connect
Entity readiness is essential to the successful implementation of APRA Connect and each entity is responsible for ensuring they set up their users and are able to submit information when it is due. Information on readiness steps is provided to help entities prepare for the external test environment.
What entities need to do now
As a pre-requisite, entities must ensure that all users establish their digital identity through myGovID and are authorised by their organisation in Relationship Authorisation Manager (RAM) to access APRA services on its behalf. See more information on APRA Connect authentication and setting up users in RAM.
A new D2A form will be available shortly for entities to nominate an initial Regulatory Reporting Administrator for each ABN. Entities should take steps now to identify the appropriate person to be assigned the initial Administrator role in the test environment, who will have the responsibility to assign roles to other users from their entity in the test environment.
APRA Connect Taxonomy Artefacts
APRA has released technical information and supporting material relating to superannuation taxonomies to help entities prepare superannuation data for submission on APRA Connect data. Superannuation entities should be familiarising themselves with the available taxonomy artefacts and how they can be used to support data preparation.
Read more about:
- How APRA Connect is different from D2A, including the scope of information collected and processes which may be different between the two systems
- How to prepare for APRA Connect and what this means for each industry
- The APRA Connect test environment
Further information, guidance materials and artefacts will be published to assist entities over coming weeks. You can contact the project team at APRAconnect@apra.gov.au.
Business Lead, APRA Connect