Last week the Australian Prudential Regulation Authority (APRA) released what they call further short topic papers as part of their ‘post-implementation review’ of the superannuation framework.
The Short Topic Paper Three focuses on:
• Financial Requirements, Operational Risk and Outsourcing
And the Short Topic Paper Four focusses on:
The short topic papers are intended to lay out the key requirements of the prudential standards but also for engagement and include key questions to solicit feedback from industry whether these standards are having the intended effect.
“Consultation on this and the other short topic papers will form part of APRA’s industry engagement over the course of the review process, which will also comprise roundtables, small group discussions and bilateral meetings,” according to short topic paper three.
Submissions need to be in before the 26 September.