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APRA publishes additional FAQs and worked examples on the Superannuation Data Transformation Phase 1 reporting standards

Friday 21 May 2021

The Australian Prudential Regulation Authority (APRA) has published additional frequently asked questions (FAQs) and worked examples for registrable superannuation entity (RSE) licensees to provide further guidance on meeting the Reporting Standards for Phase 1 of the Superannuation Data Transformation. One FAQ (FAQ 1.2) has been updated to clarify reporting under Reporting Standard SRS 332.0 - Expenses.

APRA is releasing FAQs and worked examples on a regular schedule to clarify reporting issues raised by RSE licensees and to help them meet their reporting obligations. APRA will inform reporting entities and subscribers of updates to the FAQs as they are released in the lead up to the first collection of data under the new Reporting Standards on 30 September 2021.  

The FAQs are available on the APRA website at Frequently Asked Questions - Superannuation Data Transformation.

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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 $7.7 trillion in assets for Australian depositors, policyholders and superannuation fund members.