APRA Draft Prudential Standards for Superannuation

May, 2012

What do they mean for your RSE?

RSE Licensees now have three large tranches of draft legislation resulting from the Stronger Super reforms that directly impact their business operations and members of their funds.

On 27 April 2012 APRA released eleven draft Prudential Standards for superannuation (Draft APRA PS).

APRA has extended to the superannuation industry the following banking and insurance industry prudential standards:

APRA has introduced the following specific standards for superannuation:


We believe it is important for RSE Licensees to be prepared by considering the Draft APRA PS now and as part of their overall Stronger Super Project Plan, particularly in view of the MySuper releases which were released on 3 May 2012.

APRA says it intends to finalise the standards before the end of 2012. A number of key issues are flagged to be dealt with by way of prudential practice guides (PPGs), with the first tranche being released for consultation towards the end of 2012.

Our high level recommendations on the Draft APRA PS are:


To assist RSE Licensees and those involved with the Stronger Super reforms, we have prepared the following high level analysis of the eleven Draft APRA PS.

To read the analysis click here.

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