Which super funds are APRA?
Which super funds are APRA?
List of APRA-regulated superannuation funds
| Fund name | ABN | Total number of member accounts |
|---|---|---|
| Aracon Superannuation Fund | 40586548205 | 1,071 |
| ASGARD Independence Plan Division Two | 90194410365 | 211,940 |
| Australia Post Superannuation Scheme | 42045077895 | 31,577 |
| Australian Catholic Superannuation and Retirement Fund | 24680629023 | 91,590 |
What is an APRA Prudential Standard?
APRA operates under laws determined by the Australian Parliament. APRA’s standards set out minimum capital, governance and risk management requirements. The prudential practice guides provide direction on how institutions may adhere to these prudential standards, as well as to other related expectations.
Are superannuation funds regulated by APRA?
super funds regulated by the Australian Prudential Regulation Authority (APRA), including small funds (SAFs) exempt public sector funds. retirement savings accounts (RSAs)
What does APRA mean in super?
Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) supervises regulated superannuation funds (other than SMSFs), Approved Deposit Funds and Pooled Superannuation Trusts, all of which are regulated under the Superannuation Industry (Supervision) Act 1993.
Is Australian Super SMSF or APRA?
The regulatory differences between SMSFs and professional super funds. While professional super funds are regulated by the Australian Prudential Regulation Authority (APRA), SMSFs are regulated by the Australian Tax Office (ATO). This means they don’t benefit from the same regulatory oversight.
What does APRA require banks to report on?
APRA requires ADIs to report term deposits with financial institutions on the following forms: ARF 320.0 Statement of Financial Position (Domestic Books) in Section A Assets item 1.7 Cash and Liquid Assets – Due from financial Institutions. The appropriate subcategory should be used (i.e. 1. RBA or central banks, 2.
Who needs to report to APRA?
Registered Financial Corporations
Registered Financial Corporations (RFCs) with more than $50 million assets are required, under the Financial Sector (Collection of Data) Act 2001 and its reporting standard, to provide data to APRA. The data is defined in the set of reporting forms and instructions.
Is REST Super APRA or SMSF?
The SFN is issued to trustee of a superfund, but is used for identify the superfund entity, not the trustee. SMSF funds are not regulated by APRA, they’re regulated by the ATO, therefore they’re not issued with an SFN. The REST Super superannuation fund has a MySuper product under the name “REST Super”.
What is a small APRA fund?
A small APRA fund (SAF) is a self-managed super fund with a professional trustee. It offers all the freedom and flexibility of a self-managed super fund but without the associated trustee responsibilities and risk of compliance breaches. Instead, compliance obligations are passed on to a professional trustee.
What kind of superannuation is HESTA?
industry super fund
We’re a specialist industry super fund dedicated to people like you, people who provide some of the best health, education and community services in the world.
What type of super is HESTA?
HESTA is an industry super fund dedicated to people working in health and community services.
