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APRA issues new FAQs on the outcomes assessment under s. 52(9) of the SIS Act

Monday 25 October 2021

The Australian Prudential Regulation Authority (APRA) has published a new set of frequently asked questions (FAQs) and an update to an existing FAQ on the outcomes assessment under s. 52(9) of the Superannuation Industry (Supervision) Act 1993 (SIS Act).

The new information assists RSE licensees to explain how the outcomes assessment must consider the performance test, and provide expectations on the publication of the assessment. APRA has also updated guidance on how RSE licensees may undertake the outcomes assessment for lifecycle products.

The FAQs are available on the APRA website at: Outcomes assessment under s. 52(9) of the Superannuation Industry (Supervision) Act 1993 - frequently asked questions.
 

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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.