The Australian Prudential Regulation Authority (APRA) has released revised draft reporting standards and supporting materials to implement the Government’s Retirement Reporting Framework, along with its response to submissions received during the initial consultation.
The Framework is part of the Government’s retirement phase reforms. It is intended to improve understanding of how trustees support members to navigate retirement and provide consumers, industry and policymakers with greater transparency on developments in the retirement income system.
In response to feedback, APRA has significantly revised the package, including by streamlining data requirements, refining methodologies and definitions, and developing a new reporting practice guide. To give industry adequate time to consider and respond to these changes, APRA will consult for an additional month.
APRA Deputy Chair David Bradbury said the package had been shaped by extensive stakeholder engagement and would promote transparency across the retirement phase.
“Greater transparency will help trustees understand how members are navigating retirement and identify opportunities to improve the support they provide. It will also give policymakers and the community a clearer picture of how the superannuation system is meeting members’ needs,” Mr Bradbury said.
Submissions are due by 9 October 2026. Following finalisation of the reporting standards in 2026, data collection is expected to begin in late 2027, with the first Framework indicators and metrics published in 2028. APRA will engage with industry on publication design through 2027 to ensure it is meaningful, contextual and accessible.
The following documents are available on the APRA website: APRA’s response letter; revised SRS 607.0, SRS 611.1 and SRS 101.0; an updated Technical paper; and a new Reporting Practice Guide.
Access the consultation documents at: Implementation of Government’s Retirement Reporting Framework – APRA’s proposals .
