APRA releases letter to superannuation trustees on new COVID-19 data collection
The Australian Prudential Regulation Authority (APRA) has issued a letter to registrable superannuation entity (RSE) licensees on a new COVID-19 Pandemic Data Collection (PDC) to enable assessment of the impact of COVID-19 on the superannuation industry and the outcomes being delivered to members.
Along with the letter, APRA has released a set of frequently asked questions that is included in a collection template spreadsheet. Further engagement with RSE licensees on the PDC is planned for early July.
The letter is available on the APRA website at: Letter to registrable superannuation entity licensees - COVID-19 Pandemic Data Collection request.
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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.