To: All Registrable Superannuation Entity (RSE) licensees
The Australian Prudential Regulation Authority (‘APRA’) is finalising the following proposals to:
- amend Reporting Standard SRS 533.0 Asset Allocation (SRS 533.0) and Reporting Standard SRS 610.2 Membership Profile (SRS 610.2), and update associated definitions in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0); and
- revoke Reporting Standard SRS 001.0 Profile and Structure (Baseline) (SRS 001.0).
APRA is updating these reporting standards to facilitate their migration from APRA’s legacy data collection system, Direct to APRA (‘D2A’) to APRA’s current data system, APRA Connect. In March 2026, APRA announced it has decommissioned D2A.
These updates have also previously been discussed as part of APRA's Superannuation Data Transformation (‘SDT’) project.
APRA consulted on these amendments between 8 July and 21 August 2026.
Submissions received
APRA received six submissions to the consultation – three from industry associations, two from RegTech organisations and one from an individual respondent. Non confidential submissions can be viewed on the consultation page.
Submissions were broadly supportive of the migration from D2A to APRA Connect and APRA's broader objective of simplifying the reporting framework, reducing duplication and modernising collection processes.
Response to submissions
Retaining SRS 533.0 and SRS 610.2 as reporting standards
Most of the submissions queried whether APRA needs to retain SRS 533.0 to collect only the ‘Total Investments Value Amount’ item and recommended deriving this information from existing data collections or relocating the form into another reporting standard for collection in APRA Connect.
One submission suggested Items 1-4 (member account movement) in the pre-consultation version of SRS 610.2 should be incorporated into SRS 611.0 Member Accounts (SRS 611.0) and Item 6 (members without insurance) should be included in SRS 251.0 Insurance (SRS 251.0). Another submission queried the necessity to retain Item 6 or whether equivalent information is already available from SRS 251.0 (specifically SRF 251.4).
APRA will retain SRS 533.0 and SRS 610.2 as standalone reporting standards as proposed in the consultation. SRS 533.0 will be renamed as Reporting Standard SRS 533.0 Asset Allocation – Investments.
APRA requires the data being collected in SRS 533.0 for the annual performance test and is unable to derive alternate values solely from the data requirements currently specified by the Superannuation Industry Supervision (Regulations) 1994.
While APRA is unable to fully derive Item 6 using data from SRS 251.0 and therefore still needs to collect this insurance data, we acknowledge there would be some merit to integrating the items being collected in SRS 610.2 into other appropriate reporting standards at some point in the future.
APRA considers it necessary to retain the proposed SRS 610.2 at this time to expedite the migration of this data collection to APRA Connect. APRA will consider options to further consolidate this collection in due course and will consider the potential impacts on licensees of making such changes.
Implementation timeframe
Some submissions raised concerns about compressed timelines for these reporting standards coming into effect. They requested APRA release draft taxonomy artefacts as early as possible and delay the first reporting period for collection to allow more time for implementation and testing.
APRA will provide a two-month extension to the due date for SRS 533.0 submissions for the period ending 31 December 2026, meaning these submissions will be due by 31 March 2027.
The first due date for SRS 610.2 submissions from the majority of RSE licensees will be 30 September 2027, for the period ending 30 June 2027. APRA will consider requests for an extension to the due date for any licensees with a year of income ending earlier than 30 June 2027.
Interpretation of MySuper products reporting
Two submissions sought clarification about proposed definitions and instructions that they considered could lead to inconsistent treatment of MySuper reporting between SRS 610.2 and other SDT collections and guidance. They noted the proposed SRS 610.2 and its associated definitions would require licensees to report data wherever the member holds any interest in a MySuper product. In contrast, other SDT reporting requirements capture accounts and benefits only where the member holds 100 per cent of their interest in a MySuper product.
APRA has updated SRS 101.0 and aligned the definitions of the terms, ‘MySuper interest as a result of member investment choice’ and ‘MySuper interest not as a result of member investment choice’ with the expectations for reporting under SRS 611.0 and FAQ (SDT FAQ 605.0(g)), which highlights that MySuper members are those with 100% of their balance in the product.
One submission also noted a potential inconsistency in the definition of ‘MySuper product’ between SRS 533.0, SRS 610.2 and SRS 611.0. They observed that while SRS 533.0 includes the clause “…regardless of whether or not it has a lifecycle investment strategy (within the meaning given in subsection 29TC(2) of the SIS Act)”, SRS 610.2 and SRS 611.0 do not.
APRA has updated SRS 533.0 to ensure the definition of ‘MySuper product’ is consistent across these reporting standards.
Definitional clarifications
One submission requested APRA to update the reporting standards to clarify that their application is to an RSE licensee with at least one MySuper product (for SRS 610.2) or MySuper lifecycle stage investment option (for SRS 533.0) and that the obligation is not to complete the same form multiple times for the same RSE as there is currently in D2A.
The respondent’s interpretation of the obligation is correct and APRA has updated paragraph 3 in each of the reporting standards to clarify the expected approach to reporting in APRA Connect.
In response to a further comment from the same submission, APRA can also confirm its ability to vary reporting periods is intentionally expressed as applying “…for the particular MySuper lifecycle stage investment option” in paragraph 6 of SRS 533.0.
A submission also suggested the exclusion of defined benefit RSEs from the definition of ‘RSE’ in SRS 533.0 and SRS 610.2 may create an unintended reporting gap for MySuper products. The submission noted that it was possible for an accumulation-style RSE offering a MySuper product to carry a small number of legacy defined benefit members and that, under the amended definitions, such an RSE would fall outside the definition of RSE used in the reporting standards.
APRA can confirm defined benefit RSEs are required to report under both SRS 533.0 and SRS 610.2 and paragraph 3 of each reporting standard has been updated accordingly.
Revocation of SRS 001.0
APRA proposed to revoke SRS 001.0 and noted that reporting form allocation, including for MySuper products with a lifecycle investment strategy, will instead use data collected through SRS 605.0 RSE Structure going forward.
Two submissions requested APRA publish the specific allocation logic that will replace SRS 001.0, including which fields that drive form allocation, and how frequently allocation will be recalculated.
APRA will recalculate allocation of SRS 610.2 and SRS 533.0 for each reporting period. SRS 610.2 will be allocated based on data submitted in SRS 605.0 Table 1. For SRS 533.0 allocations, SRS 605.0 Table 3 data will drive allocations but will necessarily be joined to Tables 1 and 2 via data submitted for SRS 606.0 RSE Profile.
Confidentiality proposal
The submissions raised no objections to APRA’s proposal to determine all the data to be collected under the revised SRS 533.0 and SRS 610.2 to be non-confidential.
APRA will determine all the data to be collected under the revised SRS 533.0 and SRS 610.2 to be non-confidential under section 57 of the Australian Prudential Regulation Authority Act 1998.
Other matters and next steps
APRA has made some further minor amendments to the reporting standards to improve consistency and clarity. For example, the field names for some columns have been updated to align with the transition to APRA Connect.
For further information about any amendments to the reporting standards, please refer to the final marked-up and clean reporting standards available on the webpage for this consultation.
The revised reporting standards SRS 533.0 and SRS 610.2 will be finalised and will apply to reporting periods ending on or after 1 October 2026.
RSE licensees should continue to submit the data for SRS 533.0 and SRS 610.2 under the alternative submission arrangements for D2A collections until the revised standards come into effect and are implemented in APRA Connect.
The updated collections will be available in APRA Connect External Test environment by the end of October 2026 and taxonomy artefacts for these collections will be published shortly after this.
APRA notes that amendments to SRS 101.0 also form part of its consultation on proposals regarding the implementation of the Government’s Retirement Reporting Framework. APRA will aim to determine a new version of SRS 101.0 combining the changes from both consultations in early 2027.
Further Information
Should you have any questions regarding this consultation or require further information, please contact APRA at dataconsultations@apra.gov.au.
Yours sincerely
Andy Robertson,
Chief Data Officer
Data, Technology and Security Division