The Australian Prudential Regulation Authority has launched a consultation for Registrable Superannuation Entity licensees on changes to two superannuation reporting standards, associated definitions and the proposed revocation of a legacy baseline standard. The proposals would amend SRS 533.0 Asset Allocation and SRS 610.2 Membership Profile, update definitions in SRS 101.0 Definitions for Superannuation Data Collections, and revoke SRS 001.0 Profile and Structure Baseline as part of the migration from Direct to APRA to APRA Connect. The substantive change is to remove data points that APRA no longer needs or that are already captured elsewhere, rather than simply moving the existing forms onto a new submission system. Under SRS 533.0, APRA would remove sections on strategic asset allocation, directly and indirectly held investments, total assets, investment movements and total investment flows because those data are already reported through other forms. The only element retained would be total investments for MySuper products with a lifecycle investment strategy, which APRA uses for the annual performance test and intends to continue collecting until the review of the Your Super, Your Future reforms is complete. In SRS 610.2, APRA would retain member account movement items and members without insurance, with form design and instructions updated for APRA Connect, while removing age and benefit segmentation data and lifecycle stage membership data that overlap with SRS 611.0 Member Accounts and were already exempted from reporting from 30 September 2022. APRA also proposes to revoke SRS 001.0 for reporting periods ending after 30 June 2026 because the information is now covered by SRS 604.0 RSE Licensee Profile, SRS 605.0 RSE Structure and SRS 607.0 RSE Business Model. In parallel, it proposes to determine all data collected under the revised SRS 533.0 and SRS 610.2 as non-confidential, without expanding the existing scope of data previously determined non-confidential. Consultation runs until 21 August 2026, with APRA targeting a response in October 2026, availability of the collections in the APRA Connect external test environment in November 2026 and the first applicable reporting period in APRA Connect in December 2026. Until then, RSE licensees will continue using the alternative submission arrangements that replaced Direct to APRA collections after that platform was decommissioned.
Australian Prudential Regulation Authority2026-07-08
Australian Prudential Regulation Authority consults on streamlined superannuation reporting and proposed SRS 001.0 revocation for APRA Connect migration
The Australian Prudential Regulation Authority is consulting on changes to superannuation reporting for RSE licensees as part of the move from Direct to APRA to APRA Connect. The proposal would slim down SRS 533.0 and SRS 610.2 by removing duplicated or no longer needed data, revoke SRS 001.0 for reporting periods after 30 June 2026, and classify data collected under the revised standards as non-confidential. APRA targets first reporting in APRA Connect from December 2026, with interim submissions continuing under alternative arrangements.