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APRA issues letter to RSE licensees on controlling stake obligations and updated application kit

Thursday 15 October 2020

The Australian Prudential Regulation Authority (APRA) has released a letter to superannuation licensees reinforcing their obligations under the controlling stake requirements.

In the letter, APRA advises licensees to review their current ownership structures in regard to the requirements that have been in place since July 2019. An updated application form and instruction guide to own or control an registrable superannuation entity (RSE) licensee is now available.

The letter is available on the APRA website at: Know your obligations approval to own or control an RSE licensee.

The application form and instruction guide is available on the APRA website at: Apply to own or control an RSE licensee.

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Contact APRA Media Unit, on +61 2 9210 3636

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For more information contact APRA on 1300 558 849.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.