CTHRepealedLegislation
Superannuation (prudential standard) determination No. 2 of 2012 - Prudential Standard SPS 220 - Risk Management
Notification requirementsNotification requirements
Start here
Get a plain-English read of Notification requirements
Turn the raw legal text into a practical explanation grounded in Superannuation (prudential standard) determination No. 2 of 2012 - Prudential Standard SPS 220 - Risk Management.
Notification requirements
- An RSE licensee must notify APRA within 10 business days when it:
(a) becomes aware of a significant breach of, or material deviation from, the risk management framework; or
(b) discovers that the risk management framework did not adequately address a material risk.
- An RSE licensee must notify APRA, as soon as practicable, when it becomes aware of any material changes to the size, business mix and complexity of the RSE licensee’s business operations.