The Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 (the Bill) confers on APRA a prudential standards making power for regulated superannuation entities (RSEs).
Following the release of a Discussion Paper on APRA’s proposed approach to implementation of the prudential standards on 28 September 2011, APRA invited comments on its proposals. Click here to see Corrs’ In Brief regarding the Discussion Paper.
On 27 April 2012 APRA published its Response to Submissions together with eleven draft Prudential Standards.
This In Brief provides a summary of APRA’s Response to Submissions and the draft Prudential Standards together with commentary on areas we consider may be of interest to our clients.
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