APRA applications riddled with errors

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AUSTRALIA - Not one of the Registrable Superannuation Entity (RSE) licence applications filed by superannuation funds with the Australian Prudential Regulation Authority (APRA) were error-free, with insufficient detail of funds' risk management processes the most common problem.

The registration process aims to ensure all funds are compliant and have prudent procedures in place to protect members’ interests. Tony Randle, general manager superannuation licensing at APRA ...

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