The Australian Prudential Regulation Authority has launched a final consultation on revised standards, forms and guidance for implementing the government’s Retirement Reporting Framework for Registrable Superannuation Entity licensees. Following its March 2026 consultation, APRA has substantially reduced reporting granularity and reliance on transaction data while retaining the information needed to assess how superannuation funds support members in retirement. Key revisions include narrower member cohorts, broader age bands for older members and a single benefit bracket below AUD 25,000. Retirement status measures will focus on whether a member commenced a retirement income stream, while average drawdown will use actual pension payments. APRA has also added context for balance utilisation, expanded indicators for lifetime income products and advice access, introduced a draft reporting practice guide and temporarily excluded specified legacy products from parts of the collection. APRA plans to finalize the standards and guidance by the end of 2026, with the first data collection expected in late 2027. It will engage industry on the design and contextualization of published results from the second quarter of 2027.
2026-09-10Australian Prudential Regulation Authority
Australian Prudential Regulation Authority launches final consultation on streamlined retirement reporting standards
The Australian Prudential Regulation Authority has launched a final consultation on streamlined standards for the government’s Retirement Reporting Framework. The revisions reduce reporting complexity, refine retirement and drawdown metrics, and add guidance for common reporting scenarios. APRA expects to finalize the package by the end of 2026 and begin collecting data in late 2027.