This paper represents an excerpt from APRA's 2021 Year in Review. Overall, the superannuation industry continued to provide strong returns to members over the year despite the ongoing economic uncertainty associated with the pandemic. The primary ... Read more

... practice for compliance risk management will continue to be a focus area for APRA, and is a key consideration across the Australian financial services sector for both industry participants and regulators. APRA wants to see regulated entities giving the ... Read more

... and give effect to a retirement income strategy". The government noted that "APRA [Australian Prudential Regulation Authority], ASIC [Australian Securities Investments Commission] and the ATO [Australian Taxation Office] will regulate trustees' compliance ... Read more

... improve its efficiency, transparency and accountability. Under the YFYS reforms, the Australian Prudential Regulation Authority (APRA) is required to conduct and administer an annual performance test, initially applied only to MySuper products from 1 ... Read more

... that also need to be balanced against more traditional objectives. The introduction of Australian Prudential Regulation Authority (APRA) Superannuation Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) has driven a welcome ... Read more

... members, and more are likely to be created by mergers over the next one to two years. Australian Prudential Regulation Authority deputy chairperson Helen Rowell, in a speech to the Australian Institute of Superannuation Trustees (AIST) Conference of ... Read more

... (the non-geared entity) that are property and deposits with banks regulated by the Australian Prudential Regulation Authority (APRA). A simple act of opening a US bank account (which is not regulated by APRA) in the LLC's name to receive rent and pay ... Read more

... through superannuation may be jeopardised, adversely impacting access to life insurance cover for a large part of the Australian community. External forces and evolving market conditions have also affected the provision of life insurance in superannuation ... Read more

... boom/bust cycle-but it is a first for Australia's $3 trillion superannuation industry (see Australian Prudential Regulation Authority (APRA) Quarterly superannuation performance statistics highlights: September 2020 ). The merger, or 'horizontal integration' ... Read more

... lodgement of audited financial statements to any regulative authorities, including the Australian Prudential Regulation Authority (APRA). While there is an expectation that the funds submit a copy of the statements to APRA, it is unclear whether APRA ... Read more