APRA releases annual superannuation statistics
Outcomes assessment under s. 52(9) of the Superannuation Industry (Supervision) Act 1993 - frequently asked questions
… Search Content Outcomes assessment under s. 52(9) of the Superannuation Industry (Supervision) Act 1993 - frequently … around the performance test and what data and information APRA expects RSE licensees to use in undertaking the outcomes … to consider their performance test result in their annual outcomes assessments ? (UPDATED FAQ) Yes. In June 2021 …
Response to submissions – Proposed revisions to SPG 516
… 27 November 2019 To: All RSE Licensees On 28 August 2019, APRA released for consultation proposed revisions to draft … the outcomes assessment required under section 52 of the Superannuation Industry (Supervision) Act 1993 (SIS Act). … is expected to be anchored to the publication of APRA’s Annual MySuper Statistics, Annual Fund-level Superannuation …
Law reform: Superannuation regulator roles
… Breadcrumb Home Search Content Letters Law reform: Superannuation regulator roles Friday 14 February 2020 Print … conduct in the superannuation industry, while retaining APRA’s critical role as prudential and member outcomes … trustees. The data APRA collects and analyses, such as annual fund level statistics and quarterly superannuation …
Review of data collections roadmap
… roadmap Monday 31 July 2023 Print Email To: All APRA-regulated entities This letter is to advise that APRA will shortly commence the first annual review of its data collections roadmap. It also … from implementing recent data collections such as the Superannuation Data Transformation, AASB17/PHI Capital, and …
Superannuation Data Transformation publications and confidentiality consultation
… Breadcrumb Home Search Content Letters Superannuation Data Transformation publications and … Email To: Registrable Superannuation Entity licensees APRA is consulting on proposals for the publication of … This data is required to be publicly disclosed under the Annual Member Meeting Notice, and there is a strong public …
Enhancements for Superannuation Data Collections consultation response
… Breadcrumb Home Search Content Letters Enhancements for Superannuation Data Collections consultation response Friday … sets out the Australian Prudential Regulation Authority’s (APRA) response to feedback received on the proposed … 2025. The first reporting period will be 30 June 2025 for annual reporting and September 2025 for quarterly reporting, …
Deputy Chair John Lonsdale - speech to FINSIA's The Regulators event
… The Regulators event Friday 15 November 2019 Print Email APRA's move towards greater transparency Good morning, and … we do. Until recently, APRA routinely issued 30-40 press releases a year. This year, we have issued 84 and there are … industry that manages assets worth 1.5 times Australia’s annual GDP. Consistent with our commitment to greater …
Superannuation in Australia: planning for change, sustainability and resilience
… Breadcrumb Home Search Content Superannuation in Australia: planning for change, … trustees will become subject to the requirements of APRA’s new prudential standard SPS 515 Strategic Planning and … Entities with more than four members. Source: APRA Annual Super Bulletin 2018 and ABS 2019 Australian …
APRA and ASIC: a new era in cooperation
… Breadcrumb Home Search Content APRA and ASIC: a new era in cooperation APRA and the … (banks, credit unions and building societies, insurers and superannuation funds). As the conduct regulator, ASIC focuses … year on the operation of and steps taken under it in its annual report. The updated MoU, which implements Royal …
Superannuation data transformation publications and confidentiality response
… Breadcrumb Home Search Content Letters Superannuation data transformation publications and … sets out the Australian Prudential Regulation Authority’s (APRA) response to feedback received on the proposed … as the Superannuation Industry (Supervision) Amendment (Annual Members’ Meetings Notices) Regulations 2022 (‘AMM’) …
Archived - Superannuation Data Transformation FAQs
… Breadcrumb Home Search Content Archived - Superannuation Data Transformation FAQs These FAQs relate to … of the Superannuation FAQs can be found here . MA.1: Can APRA please clarify any applicable transition period and the … due date (new) Due Date (new) SRS 605.0 RSE Structure Annual 30/06/2022 28/07/2022 30/06/2023 28/07/2023 28 Days …
The future regulatory landscape
… for professionalism in the industry, and the fact that superannuation is to provide for retirement and so a … the Horizon", and I have been asked to outline for you APRA’s perspective on the future superannuation landscape. … statistics. In 2014, we will consult on publication of annual superannuation statistics. We are making changes to …
Computer terminal velocity: APRA's response to an accelerating risk
… Home Search Content Speeches Computer terminal velocity: APRA's response to an accelerating risk Thursday 8 March 2018 … Executive Board Member - Insurance Council of Australia Annual Forum Good morning, and thank you for the invitation … http://www.abc.net.au/news/2017-03-08/wikileaks-releases-thousands-of-documents-cia-revelation/8334366 …
APRA update: Reforming the prudential framework for securitisation
… Breadcrumb Home Search Content Speeches APRA update: Reforming the prudential framework for … reform. I expect that at least one and probably two more annual speeches will be necessary before we complete. My … insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises …
APRA Executive Board Member, Margaret Cole - speech to the Financial Services Council webinar
… Breadcrumb Home Search Content Speeches APRA Executive Board Member, Margaret Cole - speech to the … me to deliver some reflections on the state of the superannuation industry. Throughout my career, I have tried … In the six weeks since APRA published the first MySuper Annual Performance Test results , all but one of the 13 …
The view from the other side of the table: Regulation, trust and social licence
… to talk with you about this notion and how it fits within APRA’s regulatory mandate. In this context, I will also offer … the industry Prudential Coverage Ratio was 1.72 with an annual net profit of $3 billion and a solid ROE of 10.8 per … light of potential implications for reserving and reserve releases, which may not always be available as the …
A look through the rear view mirror and the road ahead
… Are we there yet? Before we answer that, let’s start with APRA’s role in helping an insurer on its journey. In the … use of the ICAAP in the management of the business. The annual ICAAP Report from each insurer will play a critical … some very significant increases in premium rates for large superannuation funds in recent times - of the order of 25% to …
The Australian banking system under stress – again?
… releasing the results of a macroeconomic stress test that APRA had conducted, built on the hypothetical scenario of a … shock is more than four standard deviations based on the annual volatility of GDP in Australia since 1960; the shock … insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises …
Deferred lifetime annuities
… little history is relevant here. In 1983, the concept of a superannuation rollover was introduced. This allowed a … of the annuity and/or in the capital backing the policy. APRA will expect this to be done very well and very … These policies increased sums insured by the addition of annual bonuses and often increased final payouts with …