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APRA and ASIC release notes on Superannuation CEO Roundtable - August 2022

Wednesday 24 August 2022

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are releasing the public notes on the Superannuation CEO Roundtable held on Friday 12 August 2022.

The Roundtable was hosted by APRA Member Margaret Cole and ASIC Commissioner Danielle Press. It was attended by 11 superannuation trustee Chief Executive Officers and other executives, representing a broad cross-section of the industry.

The event focused on the implementation of the Retirement Income Covenant (the covenant), which took effect on 1 July 2022.

The notes can be found on the APRA website at: APRA and ASIC host Superannuation CEO Roundtable.

ASIC

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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.