CTHIn ForceLegislation
Superannuation (prudential standard) determination No. 1 of 2022
Review of insurance management frameworkReview of insurance management framework
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Review of insurance management framework
30. An RSE licensee must ensure that the appropriateness, effectiveness and adequacy of its insurance management framework are subject to a comprehensive review by operationally independent, appropriately trained and competent persons at least every three years.
31. The scope of the comprehensive review of an RSE licensee’s insurance management framework must have regard to the size, business mix and complexity of the RSE licensee's business operations, the extent of any change to those operations and any changes to the external environment in which the RSE licensee operates.
32. At a minimum, the comprehensive review of the insurance management framework must consider:
(a) all the matters identified in paragraph 13;