{"id":"F2024L00662","name":"Australian Prudential Regulation Authority (confidentiality) determination No. 1 of 2024","slug":"australian-prudential-regulation-authority-confidentiality-determination-no-1-of-2024","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":105250,"registerId":"commonwealth-F2024L00662-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Australian Prudential Regulation Authority (confidentiality) determination No. 1 of 2024","content":"![Commonwealth Coat of Arms](image.001.png) \n\nAustralian Prudential Regulation Authority (confidentiality) determination No. 1 of 2024\n\nInformation provided by financial sector entities under relevant reporting documents\n\nAustralian Prudential Regulation Authority Act 1998\n\nI, Andrew Robertson, delegate of APRA:\n\n (a) under section 57 of the Australian Prudential Regulation Authority Act 1998 (the Act) and subsecton 33(3) of the Acts Interpretation Act 1901, revoke the Australian Prudential Regulation Authority (confidentiality) determination No. 3 of 2023; and\n (b) under paragraph 57(2)(b) of the Act determine all or a specified part of the reporting documents of a kind specified in Part 1, Part 2 or Part 3 of the Schedule do not contain confidential information.\n\nThis instrument commences at the start of the day after the day the instrument is registered on the Federal Register of Legislation.\n\nNote: The effect of this instrument is that the non-confidential information may be published under subsection 56(5C) of the Act.\n\nDated: 7 June 2024\n\nAndrew Robertson\n\nGeneral Manager - Chief Data Officer\n\nTechnology and Data\n\nInterpretation\n\nIn this determination\n\nAPRA means the Australian Prudential Regulation Authority.\n\nMySuper product means a MySuper product within the meaning given in section 10(1) of the Superannuation Industry (Supervision) Act 1993.\n\nreporting document means a reporting document within the meaning of section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nSchedule\n\nPart 1 Reporting documents covered by this determination in their entirety\n\nPart 1 of the Schedule of this determination applies to all of the information in the following reporting forms given to APRA by a financial sector entity where a period of at least 14 days has elapsed from the date the financial sector entity was required to provide the information under the reporting standard containing the reporting forms:\n\n```html\n

Reporting standard

Reporting form

SRS 251.0 Insurance

SRF 251.0 Insurance arrangements

SRF 251.1 Insurance coverage

SRF 251.2 Insurance payments

SRF 251.3 Insurance premiums

SRS 606.0 RSE Profile

SRF 606.1 Profile fees and costs arrangements

SRS 611.0 Member Accounts

SRF 611.0 Member Accounts

SRS 705.0 Components of net return

SRF 705.0 Components of Net Return

SRS 706.0 Fees and Costs

SRF 706.0 Fees and Costs Disclosed

\n```\n\nPart 2 Reporting documents covered by this determination in part\n\nPart 2 of the Schedule of this determination applies to information in the following parts of reporting forms given to APRA by a financial sector entity where a period of at least 14 days, or such other period as is specified below, has elapsed from the date the financial sector entity was required to provide the information under the reporting standards.\n\nParts of reporting forms covered by this determination\n\nSpecific parts of reporting forms to which this determination does, and does not apply, is specified below:\n\nSRS 332.0 Expenses\n\n| Reporting form, table and columns | Classifications covered by this determination | Classifications not covered by this determination |\n| ------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------- |\n| SRF 332.0 table 1 column 4 and columns 10 – 11 | All | None |\n| SRF 332.0 table 1 columns 1 – 3 and columns 5 – 9 | The values in these columns will be non-confidential for any row which contains:(a) the value ‘Industrial Body’ or ‘Promoter’ in Column 4 Service Provider Type in SRF 332.0 Table 1;(b) a Service Provider identifier which is the same as the Service Provider identifier included in any row in SRF 332.0 table 2 which contains:the value ‘Marketing’ in Column 4 Expense Type;ii. the values ‘Director Remuneration’, ‘Executive Remuneration’ or ‘Donation To Political Party’ in Column 6, Service Arrangement Engagement Type;iii. the value ‘Yes’ in Column 12 Related Party Indicator; or(c) a Service Provider identifier which is the same as the Service Provider identifier included in any row in SRF 332.0 table 3 which contains the value ‘Yes’ in Column 16 Related Party Indicator. | None |\n| SRF 332.0 table 2 column 1 | The values in this column will be non-confidential for any row which contains:(a) the value ‘Marketing’ in Column 4 Expense Type in SRF 332.0 Table 2;(b) the values ‘Director Remuneration’, ‘Executive Remuneration’ or ‘Donation To Political Party’ in Column 6, Service Arrangement Engagement type in SRF 332.0 Table 2;(c) the value ‘Yes’ in Column 12 Related Party Indicator in SRF 332.0 Table 2; or(d) a Service Provider identifier which is the same as the Service Provider identifier included in any row in SRF 332.0 table 1 which contains the value ‘Industrial Body’ or ‘Promoter’ in Column 4 Service Provider Type. | None |\n| SRF 332.0 table 2 columns 2 – 6 and 11 – 12 | All | None |\n| SRF 332.0 table 2 columns 7 – 10 | None | All |\n| SRF 332.0 table 3 column 1 | The values in this column will be non-confidential for any row which contains:(a) the value ‘Yes’ in Column 16 Related Party Indicator in SRF 332.0 Table 3; or(b) a Service Provider identifier which is the same as the Service Provider identifier included in any row in SRF 332.0 table 1 which contains the value ‘Industrial Body’ or ‘Promoter’ in Column 4 Service Provider Type. | None |\n| SRF 332.0 table 3 columns 2 – 3, columns 8 – 10 and columns 15 – 16 | All | None |\n| SRF 332.0 table 3 columns 4 – 7 and columns 11 – 14 | None | All |\n| SRF 332.0 table 4 (all columns) | All | None |\n\nSpecific parts of reporting forms to which this determination does, and does not apply, is specified below:\n\nSRS 550.0 Asset Allocation\n\n| Reporting form, table and columns | Classifications covered by this determination | Classifications not covered by this determination |\n| ---------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| SRF 550.0 table 1 (all columns) | All | None |\n| SRF 550.0 table 2, columns 1-6 | All | None |\n| SRF 550.0 table 2, column 7 | Fixed Income Investment GradeFixed Income Non Investment GradeFixed Income DevelopmentFixed Income EstablishedNot ApplicableNot Available | Equity Listed Large CapEquity Listed Mid CapEquity Listed Small CapEquity Listed Micro CapEquity Unlisted Development Or Early StageEquity Unlisted Established Or Late StageProperty DevelopmentProperty EstablishedInfrastructure DevelopmentInfrastructure EstablishedNot ApplicableNot Available |\n| SRF 550.0 table 2, column 8 | Cash Cash At BankCash Term DepositCash Short Term Bank Bills Or SecuritiesCash Cash Management TrustCash Foreign Exchange DerivativeContractsCash Offset DerivativesFixed Income Bonds Government CouponFixed Income Bonds Government Inflation-linkedFixed Income Bonds Government OtherFixed Income Bonds CorporateFixed Income Asset Backed Commercial MortgageFixed Income Asset Backed Residential MortgageFixed Income Asset Backed OtherFixed Income Structured Non-Asset BackedFixed Income Mezzanine DebtFixed Income Private DebtFixed Income Enhanced CashFixed Income OtherFixed Income Term DepositFixed Income Bank Bills Or SecuritiesAlternatives CommoditiesAlternatives OtherNot ApplicableNot Available | Equity Listed ActiveEquity Listed PassiveEquity Unlisted Leveraged BuyoutEquity Unlisted Growth EquityEquity Unlisted Venture CapitalEquity Unlisted Special SituationsEquity Unlisted OtherProperty CommercialProperty IndustrialProperty RetailProperty ResidentialProperty AgriculturalProperty OtherProperty DiversifiedInfrastructure UtilitiesInfrastructure AirportsInfrastructure Toll RoadsInfrastructure PortsInfrastructure RailwaysInfrastructure Social AvailabilityInfrastructure Energy AssetsInfrastructure CommunicationsInfrastructure OtherInfrastructure DiversifiedAlternatives ActivistAlternatives Convertible Bond ArbitrageAlternatives Credit DistressedAlternatives Long Short CreditAlternatives Long Short EquityAlternatives Equity Market NeutralAlternatives Event DrivenAlternatives Fixed Income ArbitrageAlternatives Global MacroAlternatives Managed Futures Or Commodity Trading AdvisorAlternatives Risk ArbitrageAlternatives Volatility ArbitrageAlternatives Multi StrategyAlternatives Insurance Linked SecuritiesAlternatives Real Return Multi Asset StrategiesNot ApplicableNot Available |\n| SRF 550.0 table 2, column 9 | Fixed Income Short TermFixed Income Long TermNot ApplicableNot Available | Infrastructure GovernmentInfrastructure Non GovernmentInfrastructure Public Private PartnershipNot ApplicableNot Available |\n| SRF 550.0 table 2, columns 10-17 | All | None |\n| SRF 550.1 table 1, column 1-5 | All | None |\n| SRF 550.1 table 1, column 6 | Fixed Income Investment GradeFixed Income Non Investment GradeFixed Income DevelopmentFixed Income EstablishedWhere a period of at least 12 months has elapsed from the date the financial sector entity was required to provide the information: :Equity Listed Large CapEquity Listed Mid CapEquity Listed Small CapEquity Listed Micro CapEquity Unlisted Development Or Early StageEquity Unlisted Established Or Late StageProperty DevelopmentProperty EstablishedInfrastructure DevelopmentInfrastructure EstablishedNot ApplicableNot Available | None |\n| SRF 550.1 table 1, column 7 | Cash Cash At BankCash Term DepositCash Short Term Bank Bills Or SecuritiesCash Cash Management TrustCash Foreign Exchange Derivative ContractsCash Offset DerivativesFixed Income Bonds Government CouponFixed Income Bonds Government Inflation-linkedFixed Income Bonds Government OtherFixed Income Bonds CorporateFixed Income Asset Backed Commercial MortgageFixed Income Asset Backed Residential MortgageFixed Income Asset Backed OtherFixed Income Structured Non-Asset BackedFixed Income Mezzanine DebtFixed Income Private DebtFixed Income Enhanced CashFixed Income OtherFixed Income Term DepositFixed Income Bank Bills Or SecuritiesAlternatives CommoditiesAlternatives OtherWhere a period of at least 12 months has elapsed from the date the financial sector entity was required to provide the information:Equity Listed ActiveEquity Listed PassiveEquity Unlisted Leveraged BuyoutEquity Unlisted Growth EquityEquity Unlisted Venture CapitalEquity Unlisted Special SituationsEquity Unlisted OtherProperty CommercialProperty IndustrialProperty RetailProperty ResidentialProperty AgriculturalProperty OtherProperty DiversifiedInfrastructure UtilitiesInfrastructure AirportsInfrastructure Toll RoadsInfrastructure PortsInfrastructure RailwaysInfrastructure Social AvailabilityInfrastructure Energy AssetsInfrastructure CommunicationsInfrastructure OtherInfrastructure DiversifiedAlternatives ActivistAlternatives Convertible Bond ArbitrageAlternatives Credit DistressedAlternatives Long Short CreditAlternatives Long Short EquityAlternatives Equity Market NeutralAlternatives Event DrivenAlternatives Fixed Income ArbitrageAlternatives Global MacroAlternatives Managed Futures Or Commodity Trading AdvisorAlternatives Risk ArbitrageAlternatives Volatility ArbitrageAlternatives Multi StrategyAlternatives Insurance Linked SecuritiesAlternatives Real Return Multi Asset StrategiesNot Applicable | None |\n| SRF 550.1 table 1 column 8 | Fixed Income Short TermFixed Income Long TermNot ApplicableNot AvailableWhere a period of at least 12 months has elapsed from the date the financial sector entity was required to provide the information:6. Infrastructure Government7. Infrastructure Non Government8. Infrastructure Public PrivatePartnership9. Not Applicable10. Not Available | None |\n| SRF 550.1 table 1, column 9-15 | All | None |\n| SRF 550.1, table 2 (all columns) | All | None |\n| SRF 550.2,Table 1, column 8 | All | None |\n| SFR 550.2, table 1,Column 12 | All | None |\n| SFR 550.2, table 2.1(all columns) | All | None |\n| SFR 550.2, table 2.2 (all columns) | All | None |\n\nSRS 605.0 RSE Structure\n\n| Reporting form, table and columns | Classifications covered by this determination | Classifications not covered by this determination |\n| -------------------------------------------------- | --------------------------------------------- | ------------------------------------------------- |\n| SRF 605.0 table 1 | All | None |\n| SRF 605.0 table 2 | All | None |\n| SRF 605.0 table 3 | All | None |\n| SRF 605.0 table 4 columns 1 – 5 and columns 7 – 14 | All | None |\n| SRF 605.0 table 4 column 6 | None | All |\n\nSRS 606.0 RSE Profile\n\n| Reporting form and table | Classifications covered by this determination | Classifications not covered by this determination |\n| ------------------------ | --------------------------------------------- | ------------------------------------------------- |\n| SRF 606.0 | All | None |\n\nSRS 705.1 Investment Performance and Objectives\n\n| Reporting form and table | Classifications covered by this determination | Classifications not covered by this determination |\n| --------------------------------- | --------------------------------------------- | ------------------------------------------------- |\n| SRF 705.1 table 1 (all columns) | All | None |\n| SRF 705.1. table 2, (all columns) | All | None |\n| SRF 705.2 table 1, columns 1 - 4 | All | None |\n| SRF 705.2 table 2, columns 1 - 4 | All | None |\n\nPart 3 Reporting documents covered by this determination in part – MySuper product\n\nPart 3 of the Schedule of this determination applies to information relating to a MySuper product in the following parts of reporting form SRF 705.1 given to APRA by a financial sector entity where a period of at least 14 days has elapsed from the date the financial sector entity was required to provide the information under the reporting standard containing the reporting form SRF 705.1:\n\nSRS 705.1 Investment Performance and Objectives\n\n| Reporting form and table | Classifications covered by this determination | Classifications not covered by this determination |\n| -------------------------------- | --------------------------------------------------- | --------------------------------------------------- |\n| SRF 705.2 table 1, columns 5 – 6 | All where information relates to a My Super product | None where information relates to a MySuper product |\n| SRF 705.2 table 2, columns 5 – 6 | All where information relates to a MySuper product | None where information relates to a MySuper product |","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":7,"scope_assessment":{"changed":true,"description":"The determination expressly revokes Australian Prudential Regulation Authority (confidentiality) determination No. 3 of 2023 (see para (a)) and replaces it with a new Schedule that specifies which reporting documents—or parts of them—are not confidential after defined periods (generally 14 days, with a 12‑month exception for some SRF 550.1 columns). Concretely, the confidentiality scope for multiple SRS/SRF reporting forms and specified columns/rows (including MySuper‑related fields) is redefined by the Schedule."},"complexity_factors":["Granular, column‑level and row‑level carve-outs across many reporting standards and forms (e.g. SRS 251, 332, 550, 605, 606, 705) increase compliance complexity.","Conditional rules that make fields non‑confidential only when particular cell values appear (examples: ‘Industrial Body’, ‘Promoter’, ‘Marketing’, Related Party Indicator = ‘Yes’) require row‑by‑row assessment.","Cross‑table identifier matching (service provider identifiers in Table 1 ↔ Table 2/3) creates non‑local dependencies between tables.","Multiple time thresholds: default 14‑day delay, with a specified 12‑month rule for some SRF 550.1 columns, adds temporal complexity to publication timing.","Extensive enumerations of asset‑class and investment category values (many mutually exclusive lists) demand precise mapping from reported codes to confidentiality status.","Legal procedural links: instrument revokes Determination No. 3 of 2023 (para (a)) and relies on section 57 of the APRA Act and the publication power under subsection 56(5C), embedding statutory delegation and publication mechanics.","Mixed coverage within single tables (some columns fully non‑confidential, others fully confidential) increases record‑keeping and disclosure‑review burden for reporting entities.","Practical compliance requires data governance changes (flagging, redaction checks, timing controls) and coordination between reporting teams and APRA’s publication processes."],"plain_english_summary":"This instrument, signed by an APRA delegate, revokes the 2023 confidentiality determination and declares specified APRA reporting forms, tables and selected columns/rows to be non-confidential after set time periods (generally 14 days). It therefore authorises APRA to publish those non-confidential data under subsection 56(5C) of the APRA Act. It affects financial‑sector entities that submit SRS/SRF returns: APRA decides which fields lose confidentiality and when, and affected entities face potential public disclosure of identified data fields."},"kimi_summary":{"content_quality":"ok","complexity_score":7,"scope_assessment":{"changed":false,"description":"This determination appears consistent with APRA's ongoing statutory function under section 57 of the APRA Act to designate non-confidential information for publication. It updates the specific reporting standards and forms covered but does not expand beyond the original legislative purpose of enabling transparency in prudential reporting."},"complexity_factors":["Extensive tabular data with granular column-by-column and row-by-row classifications","Multiple nested conditional logic: different confidentiality rules apply based on values in other columns (e.g., 'if Column 4 contains X, then Column 1 is non-confidential')","Cross-referencing between tables within the same reporting form (e.g., matching Service Provider identifiers across Table 1, 2, and 3 in SRS 332.0)","Variable time delays: 14 days for most data, but 12 months for certain equity and infrastructure investment classifications in SRS 550.1","Three distinct parts with different coverage models: whole documents (Part 1), partial documents with complex filtering (Part 2), and product-specific partial coverage (Part 3)","Heavy use of defined classification taxonomies (e.g., 'Equity Listed Large Cap', 'Infrastructure Public Private Partnership') that require external knowledge of APRA's reporting taxonomy","Revocation and replacement mechanism referencing previous determinations"],"plain_english_summary":"This APRA determination replaces the 2023 version and sets which reports and spreadsheet fields submitted by banks, insurers and super funds are non‑confidential, allowing APRA to publish them after short waiting periods (commonly 14 days, sometimes 12 months). It specifies whole and partial disclosures so the public can see fees, costs, investment exposures, related‑party payments and other data, increasing transparency for consumers and market oversight while preserving brief protection for commercially sensitive information."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-1-of-2024","history":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-1-of-2024/history","analysis":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-1-of-2024/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-1-of-2024/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-1-of-2024/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-1-of-2024/documents"}}