APRA to recommence public consultations on select policy reforms and begin a phased resumption of the issuing of new licenses

August 10, 2020 – APRA to recommence public consultations on select policy reforms and begin a phased resumption of the issuing of new licenses, after being temporarily suspended in March and April respectively, due to COVID-19.

Policy reforms to be recommenced in 2020 are:

  • the cross-industry prudential standard for remuneration;
  • ADI capital reforms incorporating APRA’s unquestionably strong framework, Basel III and measures to improve transparency, comparability and flexibility;
  • insurance capital reforms to incorporate changes in the accounting framework (AASB 17); and
  • the prudential standard for insurance in superannuation, and updated guidance on the sole purpose test.


With consultation in limited data collections to restart, including the Superannuation Data Transformation project.

For more information, please visit APRA.



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