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APRA has published further guidance on the Your Future, Your Super Performance Test

The Australian Prudential Regulation Authority (APRA) has issued a set of new and updated frequently asked questions (FAQs) to provide further guidance on the administration of the Government’s Your Future, Your Super Performance Test.

The new FAQs released today will provide clarification on the following topics regarding the 2024 Performance Test:

  • treatment of “Not Specified” and “Not Applicable” domicile type and listing type reporting; 
  •  treatment of Separately Managed Accounts; and
  • benchmark representative administration fees and expenses in the 12 months to March 2024.

The FAQs are available on the APRA website at: Your Future, Your Super Frequently Asked Questions.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.