In preparation for the 1 July 2022 effective date, APRA "encourages trustees to reassess their insurance arrangements and strategy, risk and compliance frameworks”.
November 17, 2021APRA will not proceed with a proposed requirement for independent certification of priority and privilege arrangements to avoid "unintended consequences".
September 23, 2021Superannuation funds which use related parties to deliver insurance will need to certify that the arrangements are in the best interests of members.
November 26, 2019