Date posted: 18/05/2022
Submission on Superannuation Data Transformation Phase 2
Joint CAANZ/CPA submission on APRA Discussion paper re Superannuation Data Transformation – Phase
In brief
- CPA Australia and CA ANZ generally support the proposals contained in the Discussion paper
- strongly encourage APRA to seek feedback about the cost and time required to supply APRA with the data proposed
- recommend that APRA considers the potential for double reporting and takes all measures to avoid it
CPA Australia and CA ANZ generally support the proposals contained in the Discussion Paper. The majority of our feedback on this consultation is not in direct response to the Discussion Paper Chapter 3 questions that APRA has asked.
We strongly encourage APRA to seek feedback from RSEs about the cost and time required to supply APRA with all of the data proposed in the Discussion Paper.
We further recommend that APRA, when designing its new and revised reporting standards, considers the potential for double reporting and takes all measures to avoid it from occurring.
