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
Related obligations
- CWLTHPay superannuation on every payday (Payday Super)From 1 July 2026, super must reach the employee's fund within 7 business days of each payday.
- CWLTHComply with SIS Act trustee covenantsSuper fund trustees owe statutory covenants of care, skill, diligence, best financial interests, and prudent investment.
- CWLTHLodge an annual SMSF audit before lodging the SMSF Annual ReturnSelf-managed super funds must be audited by an ASIC-registered auditor each year.
- CWLTHMaintain SMSF compliance with the sole purpose test (s 62)SMSFs must be maintained for the sole purpose of providing retirement benefits.
- CWLTHAnnual YFYS performance test (MySuper + Choice)APRA annual performance test for MySuper products + (from 2024) Trustee Directed Products.
- CWLTHStronger Member Outcomes — APRA SPS 515RSE licensees must annually assess member-outcomes performance + take action.
Frequently asked questions
- Who must comply with SPS 530 (Investment Governance) for APRA-regulated super funds?
- APRA-regulated RSE licensees.
- What triggers SPS 530 (Investment Governance) for APRA-regulated super funds?
- Holding an RSE licence.
- When is SPS 530 (Investment Governance) for APRA-regulated super funds due?
- Continuous; annual performance test.
- What is the maximum penalty for SPS 530 (Investment Governance) for APRA-regulated super funds?
- APRA enforcement actions including additional capital, licence conditions
- What evidence is required for SPS 530 (Investment Governance) for APRA-regulated super funds?
- Investment governance framework, board minutes, performance attribution reports.
Source: https://apra.gov.au/super-prudential-framework. Rules Mate is not a law firm. Always verify against the live regulator source before acting.