Comply with SPS 530 (Investment Governance) for APRA-regulated super funds
RSE licensees must have a documented investment governance framework.
Who must comply
APRA-regulated RSE licensees.
What triggers it
Holding an RSE licence.
When due
Continuous; annual performance test.
Evidence required
Investment governance framework, board minutes, performance attribution reports.
Max penalty
APRA enforcement actions including additional capital, licence conditions
Summary
SPS 530 sets requirements for an RSE licensee's investment governance framework: investment beliefs, formulation of investment strategy, performance assessment, valuation, liquidity management. Annual performance testing (under YFYS regime) for MySuper + Choice products separate but related.
Enforced by
Source legislation
Industries
Topics
Source: https://apra.gov.au/super-prudential-framework. Rules Mate is not a law firm. Always verify against the live regulator source before acting.