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

Friday 2 July 2021

The Australian Prudential Regulation Authority (APRA) has published additional frequently asked questions (FAQs) for registrable superannuation entity (RSE) licensees to provide further guidance on meeting the Reporting Standards for Phase 1 of the Superannuation Data Transformation.

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

APRA has also updated the APRA Connect taxonomy artefacts to include simple, plain English business descriptions for validation rules.

Please note that the APRA Connect test environment is now available for familiarisation and to practice data preparation and submission.

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

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

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.