The Australian Prudential Regulation Authority (APRA) has released final guidance on investment governance for superannuation trustees.
The updated guidance is designed to assist trustees in meeting their obligations under Prudential Standard SPS 530 Investment Governance (SPS 530), which came into force on 1 January 2023.
Prudential Practice Guide SPG 530 Investment Governance (SPG 530) provides:
• additional guidance to support requirements relating to liquidity management, stress testing and asset valuations;
• an outline of how APRA expects trustees will consider environmental, social and governance risk factors as part of their overall investment risk management;
• greater clarity in areas requested by industry in applying the standard.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
