The Australian
Prudential Regulation Authority (APRA) has released for public
consultation draft guidance on managing conflicts of interest for
APRA-supervised superannuation trustees (known as Registrable
Superannuation Entity (RSE licensees).Download discussion paper and draft Prudential Practice Guide 521 Conflicts of interest (SPG 521) here.

The draft SPG 521
complements guidance provided by the Australian Securities and
Investment Commission to Australian Financial Services Licence (AFSL)
holders by focussing on the governance of the RSE licensee, including those that do not hold an AFSL.

APRA invites interested parties to comment on the draft guide by 30 April 2009.