The Australian Prudential Regulation Authority (APRA) has released for public consultation its draft guidance SPG 410 MySuper Transition.

The guidance is intended to assist registerable superannuation entity (RSE) licensees to meet their obligations under Prudential Standard SPS 410 MySuper Transition which was released as a final draft on 3 October 2012. SPS 410 sets out requirements for the movement of accrued default amounts into a suitable MySuper product before 1 July 2017.

The guide is expected to be finalised by December 2012.

APRA has updated its MySuper FAQs.