Federal Register of Legislation
Superannuation (prudential standard) determination No. 2 of 2024
Prudential Standard SPS 310 Audit and Related Matters
Superannuation Industry (Supervision) Act 1993
I, Clare Gibney, a delegate of APRA: (a) under subsection 34C(6) of the Superannuation Industry (Supervision) Act 1993 REVOKE Superannuation (prudential standard) determination No. 4 of 2022, including Prudential Standard SPS 310 Audit and Related Matters made under that determination; and (b) under subsection 34C(1) of the Act, DETERMINE Prudential Standard SPS 310 Audit and Related Matters in the form set out in the Schedule, which applies to all RSE licensees. This instrument commences on 30 June 2024.
Dated: 3 June 2024
Clare Gibney Executive Director Policy and Advice Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
RSE licensee has the meaning given in section 10(1) of the Act.
Prudential Standard SPS 310
Audit and Related Matters About this Prudential Standard Prudential Standard SPS 310 Audit and Related Matters (SPS 310) is a prudential standard in the governance pillar of APRA's superannuation prudential framework. It establishes requirements for the provision of independent advice in relation to the operations, financial position and risk controls of the business operations of an RSE licensee. This independent advice is designed to assist the Board and senior management of an RSE licensee in carrying out their responsibilities for the sound and prudent management of the business operations of the RSE licensee. This Prudential Standard also outlines the roles and responsibilities of an RSE auditor and the obligations of an RSE licensee to make arrangements to enable the RSE auditor to fulfil their responsibilities.
Authority 1. This Prudential Standard is made under section 34C of the Superannuation Industry (Supervision) Act 1993 (SIS Act).
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate