APRA publishes updates to FAQs on the Superannuation Data Transformation project
The Australian Prudential Regulation Authority (APRA) has updated two frequently asked questions (FAQs) on the Superannuation Data Transformation (SDT) reporting standards.
In today's publication, APRA has updated two FAQs to provide further guidance to RSE licensees on the reporting standards for Phase 1 of the SDT project, specifically in relation to the staged implementation and best endeavours approach to reporting under Reporting Standards SRS 550.0 Asset Allocation and SRS 332.0 Expenses.
The FAQs are available on the APRA website at: Frequently Asked Questions - Superannuation Data Transformation.
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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.