Summary of the Implementation Plan
APRA is changing how it collects data
APRA is undertaking a significant program to transform its data platform to provide a robust foundation for its evolving data collection, analysis and reporting needs. An integral component of the program is the replacement of APRA’s current data collection platform, Direct to APRA (D2A), with a modern, efficient and flexible collection solution – the new Data Collection Solution.
This Implementation Plan provides guidance and important information for entities about the new solution
The information in this plan has been developed in consultation with established reference and working groups. It provides direction for the transition to the new solution and key milestones, as well as detailed information to help entities plan and mobilise. APRA will release additional information to assist entities in the transition to the new solution.
The new Data Collection Solution will change how entities submit data
A summary of what is changing and what is not changing in the new solution, as well as important technical information and specifications, is set out in What is the new Data Collection Solution.
Reporting obligations and due dates will remain as they are in D2A at go-live. However, several changes have been included in the new solution design to create greater consistency and accuracy.
The new solution is the beginning of APRA’s new approach to collecting data
The new solution will enable changes to the way APRA collects data to meet evolving regulatory requirements. APRA will continue to consult on all new reporting requirements. In the future, APRA will review and potentially revise current forms and consider the best way to structure future collections. Read more in APRA's future direction for data collection.
APRA will provide an update on the revised implementation timelines by October 2019
APRA has revised the implementation timeframes as outlined in Implementation approach and timing, which also includes APRA’s approach to managing implementation risks.
- The go-live date has moved from March 2020 to later in 2020
- APRA will provide information and time for entities to prepare for the transition and plans to provide a test environment in the first quarter of 2020
- APRA will continue to engage with established reference and working groups and industry bodies throughout the transition
Entity readiness is key to the successful implementation of the new solution
Entities need to prepare for the new solution to ensure they continue to meet their reporting obligations. Between now and go-live, there are four readiness stages with specific actions for entities to complete at each stage. A Readiness checklist is provided.
- Phase 1: Mobilisation
- Phase 2: Testing and familiarisation
- Phase 3: Pre go-live
- Phase 4: Go-live and onwards
Engage with APRA
APRA held webinars to walk through the Implementation Plan to walk through the Implementation Plan and demonstrate the new solution features.
APRA welcomes feedback from interested parties. Entities are encouraged to provide feedback on this Implementation Plan by completing a short survey.
APRA required entities to complete an adhoc D2A form in August 2019 to provide information about entity data submission practices. The information collected will assist APRA’s understanding entity current and future submission methods to inform the prioritisation of forms and functionality released in the test environment.
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