Letter - Implementing APRA's new Data Collection Solution

Implementing APRA's new Data Collection Solution

30 July 2019

"The new Data Collection Solution will be a modern, efficient and flexible solution which will serve APRA and industry for years to come. The release of the Implementation Plan is an important milestone to assist industry with the transition to the new solution.” Sean Carmody Executive General Manager Risk & Data Analytics

APRA is pleased to provide an update on our new Data Collection Solution. We are confident the new solution will provide an effective way for entities to submit data to APRA in the future.

Today’s release is an update to the Implementation Plan for the new solution providing guidance to entities about the changes and how to prepare for the new solution. APRA issued the first version of this plan in April 2019.

Extension of implementation timeline

It is important to note from this update that APRA has chosen to extend the implementation timeline for the new solution further into 2020. We plan to make the test environment available in the first quarter of 2020, and go-live later in 2020. Confirmation of these revised dates will be provided by October 2019.

Since April 2019, APRA has been working closely with Vizor Software and Dimension Data to design and develop the new solution. We have been consulting with industry about the strategic direction and technical solution being implemented. It has become clear that additional time is needed for the transition to the new solution. Feedback from entities is that they are supportive of the additional time needed and APRA will ensure entities can continue to report using Direct to APRA (D2A) after March 2020 until the new solution is finalised.

Additional information will be provided in coming months:

• revised timelines
• myGovID authentication 
• submission methods, including application programming interfaces (APIs)
• an additional module which will facilitate executive accountability regime requirements to APRA

Entity readiness is key to the successful implementation of the new solution, and APRA will continue to provide the industry with sufficient information and time to prepare for the new solution. 

The transition to the new Data Collection Solution represents a significant step forward in APRA’s future direction for data collection. 

Next steps

APRA invites you to engage with us directly if you have any questions about preparing for the implementation of the new solution. We also expect entities to:

• view the Implementation Plan
• register for a webinar in mid-August for a walk through of the Implementation Plan and demonstration of the new solution features
• provide feedback on this Implementation Plan by completing a short survey 
• encourage users in your entity to register for myGovID  
• complete the adhoc D2A form on your entity’s current and intended future state submission methods (available 1-30 August 2019)

If you require any additional support, please email newdatacollectionsolution@apra.gov.au.  

Yours sincerely,

Sean Carmody

Executive General Manager

Risk and Data Analytics