APRA publishes updates to FAQs on the Your Future, Your Super package
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 and updated FAQs released today will provide clarification on the following topics regarding the implementation of the 2023 Performance Test:
- determination of Trustee Directed Product status;
- resubmission of SRS 550.0 reporting;
- determination of Strategic Asset Allocations;
- reporting forms used; and
- use of data collected as part of the Superannuation Data Transformation project.
The FAQs are available on the APRA website at: Your Future, Your Super 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, 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.