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Advice 2.0

APRA Consultation on the SPS 515 framework

  Published: 15 Nov 2022

ISA has provided some general comments on specific elements of SPS 515 and the proposed enhancements.  In particular, we note that funds have limited access to detailed member data for the purposes of determining outcomes for cohorts of members. We have also considered the broader context of whether the best interest duty, and other recent legislative reforms, create a more comprehensive and complex regulatory framework, such that the role of SPS 515 within that framework requires review.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

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