The Australian Prudential Regulation Authority (APRA) has released a letter to industry and final versions of 32 reporting standards, reporting forms and instructions for APRA-regulated superannuation funds. The reporting requirements implement the transparency and accountability recommendations from the Government’s Stronger Super reforms, and the proposals for superannuation reporting consulted on in 2009. The new requirements also support the implementation of prudential standards, MySuper products and SuperStream. These revisions will be the first changes to the reporting requirements for superannuation since 2004. 

This release follows the release of ‘proposed final’ versions on 28 March 2013 and the determination of one of the proposed final standards, Reporting Standard SRS 001.0 Profile and Structure (Baseline), on 30 April 2013. Only minor amendments have been made to the 32 reporting standards released today, mostly for editing or clarification purposes. The requirements in 22 of the final reporting standards will take effect from 1 July 2013, with the remaining 10 taking effect from 1 July 2014.The Australian Prudential Regulation Authority (APRA) has released a letter to industry and final versions of 32 reporting standards, reporting forms and instructions for APRA-regulated superannuation funds. The reporting requirements implement the transparency and accountability recommendations from the Government’s Stronger Super reforms, and the proposals for superannuation reporting consulted on in 2009. The new requirements also support the implementation of prudential standards, MySuper products and SuperStream. These revisions will be the first changes to the reporting requirements for superannuation since 2004. 

This release follows the release of ‘proposed final’ versions on 28 March 2013 and the determination of one of the proposed final standards, Reporting Standard SRS 001.0 Profile and Structure (Baseline), on 30 April 2013. Only minor amendments have been made to the 32 reporting standards released today, mostly for editing or clarification purposes. The requirements in 22 of the final reporting standards will take effect from 1 July 2013, with the remaining 10 taking effect from 1 July 2014.