Superannuation (prudential standard) determination No. 5 of 2024
Business performance reviewBusiness performance review
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Business performance review
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An RSE licensee must, on an annual basis, review its performance in achieving its strategic objectives, informed by the RSE licensee’s monitoring of key performance indicators and triggers. The results of the review must be used to improve the RSE licensee’s business operations for the benefit of beneficiaries.
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An RSE licensee’s business performance review must assess and demonstrate, at a minimum:
(a) whether the strategic objectives are being met, including an explanation of what has driven this assessment; (b) the outcomes achieved for beneficiaries, having regard to:
(i) different cohorts of beneficiaries, including beneficiaries who are retired or approaching retirement (and sub-classes of those beneficiaries)[11];
(ii) objective internal and external benchmarks; and
(iii) the outcomes assessments under section 52(9) of the SIS Act, including having regard to the latest determinations (if any) made by APRA under section 60C(2) of the SIS Act that relate to the product.