Australian regulator revises trustee guidance papers

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AUSTRALIA - The Australian Prudential Regulation Authority (APRA) has released a response paper and prudential practice guides (PPGs) for superannuation trustees covering capital, risk management, adequacy of resources and fitness and propriety.

The PPGs - which replace APRA's previously issued guidance in these four areas - are intended to assist trustees to satisfy licence conditions and operating standards under the Superannuation Indus...

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