SYDNEY, Sept. 30 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) has released a package of proposals to strengthen trustee investment governance and better protect members' retirement savings.
The reforms are the next phase of APRA's multi-year focus on lifting investment governance standards across the superannuation industry, particularly within the platform trustee segment.
The proposals build on substantial supervisory and enforcement activity and directly address shortcomings identified in APRA's 2025 review of platform trustee practices.
They would strengthen requirements across eight key areas of risk and build on existing obligations for trus...