The Australian Prudential Regulation Authority (APRA) has commenced consultation on minor amendments to reporting standards introduced under Phase 1 of the Superannuation Data Transformation (SDT) project.
The proposed amendments clarify investment option reporting and expenses reporting, reduce the frequency of reporting for some requirements and increase the time for submission of data for some requirements.
APRA’s SDT project aims to drive better industry practices and improve member outcomes through heightened transparency.
The discussion paper is available on the APRA website at: Phase 1 Minor Amendments.
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