FAR insurance + super phase commencement
critical priorityone offlarge, listed
Due
15 March 2025
447 days ago — see source for next instance
What to file
FAR insurance + super phase commences — 6 months after banking phase.
Who is affected
APRA-regulated insurers (life, general, private health) and RSE licensees holding super assets — accountable persons must be registered and have accountability statements filed.
Penalty if missed
Civil penalties up to 50,000 penalty units for entities, deferred remuneration disqualification and accountability-statement directions from APRA/ASIC.
Applies to
APRA-regulated insurers + super trustees
Prep checklist
- Identify all accountable persons across the group
- Draft individual accountability statements
- Lodge accountability map with APRA
- Update remuneration policies for deferred-pay claw-back
- Brief board on enforcement posture
On Rules Mate