Phase 1 – Performance and Member Accounts
On Thursday 19 December 2019 APRA released a second consultation package on its Superannuation Data Transformation. Submissions on these proposals closed on 26 March 2020.
The two topic papers released formed part of Phase 1 of the Superannuation Data Transformation (Breadth), which will address the most urgent gaps in APRA’s data collection, particularly for choice products and investment options.
Related media release: APRA releases second consultation package on its Superannuation Data Transformation
Update March 2020:
Further to the frequently asked questions (FAQs) including worked examples released on 26 February 2020, APRA has released further FAQs on the topics of Performance and Member Accounts. These have been developed in response to industry questions and feedback as well as details RSE licensees provided on assumptions made in compiling data for the pilot request.
Please contact APRA at email@example.com as early as possible if you have interpretation questions regarding the provision of pilot data for these topics so we can incorporate them into FAQs as appropriate.
The FAQs and worked examples can be found under the ‘Additional documents’ heading at the bottom of this page.
The topic papers and draft reporting standards can be found below:
Draft reporting standards
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.