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APRA consults on its review of the amendments to the Superannuation Guarantee (Administration) Act 1992

Thursday 30 June 2022

The Australian Prudential Regulation Authority (APRA) has released a letter to registrable superannuation entity (RSE) licensees of Defined Benefit funds to seek their input on the amendments to the Superannuation Guarantee (Administration) Act 1992 (SGAA), commenced in September 2020.

The Treasury Laws Amendment (Your Superannuation, Your Choice) Act 2020 (Your Superannuation, Your Choice Act), which amended the SGAA, requires APRA to conduct a review to identify any unintended consequences of these amendments on the operation of Defined Benefit schemes. 

This consultation will be open for submissions until 8 September 2022.

The letter to industry is available on the APRA website at: Review of amendments to the Superannuation Guarantee (Administration) Act 1992.

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Contact APRA Media Unit, on +61 2 9210 3636

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For more information contact APRA on 1300 558 849.

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.