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APRA releases draft guidance, invites comments
APRA has released two draft guidance papers aimed at regulated superannuation funds: one on contribution and benefit accrual standards, and a second on payment standards.
The draft papers were released along with a discussion paper, and the three documents will be open for feedback until 31 October.
A spokesperson for APRA said that the guidance papers updated the prudential guidance, taking into account legislative changes since 2006.
The spokesperson said that there were no substantial changes to the current requirements, but that APRA was required by legislation to hold a consultation period.
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Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
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