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Consultations--17-21 January

Friday 21 January 2022



Australian Prudential Regulation Authority
This week the Australian Prudential Regulation Authority (APRA) published an update to the Reporting Standard ARS 115.0 which should simplify reporting requirements for the authorised deposit-taking institutions(ADI) by making the reporting annual.


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Australian Securities and Investments Commission

 The securities regulator is seeking guidance for Consultation Paper 351: superannuation the forecasts: Update relief and guidance.
They are reaching to all interested stakeholders on two critical proposals:

  • a single instrument of relief for superannuation calculators and retirement estimates, and
  • adopting a common framework for setting economic and financial assumptions.
 


The securities regulator is still seeking guidance on consolation paper 350 which will specifically be looking at remediation three areas{:

  • Australian financial services (AFS) licensees;
  • Australian credit licensees (credit licensees); and
  • retirement savings account (RSA) providers.
 

The securities regulator is still seeking guidance consultation paper 354: relief for simple arrangements following a hardship notice