APRA Consults on Retirement Reporting Framework Implementation

The Australian Prudential Regulation Authority (APRA) has initiated consultations with the financial industry regarding the implementation of the Government’s Retirement Reporting Framework. This framework, announced initially in November 2024, aims to enhance the retirement phase of superannuation, with the final design details released on February 23, 2026 .

Framework Details and APRA’s Role

APRA is tasked with collecting and publishing the data necessary to operationalize the framework. The agency intends to approach this implementation with a focus on achieving a practical and effective outcome, minimizing unnecessary regulatory burdens . This approach aligns with APRA’s Corporate Plan and its commitment to “getting the balance right.”

Industry Feedback and Consultation Process

APRA is actively seeking feedback from industry stakeholders and the broader public. This feedback will be gathered through industry roundtables and written submissions, with a deadline for submissions set at June 3, 2026 . APRA specifically welcomes input on potential refinements to the proposed implementation approach.

Available Resources

The Government’s announcement and the complete APRA consultation package, including proposals, are available at Implementation of Government’s Retirement Reporting Framework – APRA’s proposals. Supplementary technical papers and draft reporting standards are also accessible on the APRA website .

Key Documents Released

• Consultation Paper: Proposed superannuation data collection to implement the Government’s Retirement Reporting Framework
• Supplementary Technical Paper: Technical Paper – Calculation and mapping of data to metrics and indicators
• Draft Reporting Standards:
  • SRS 101.0 – Definitions for Superannuation Data Collections
  • SRS 607.0 – RSE Business Model
  • SRS 611.1 – Retirement Member Profile

Contact Information

Media inquiries should be directed to the APRA Media Unit at +61 2 9210 3636. General inquiries can be made to APRA at 1300 558 849.

APRA is the prudential regulator of the Australian financial services industry, overseeing banks, insurers and most superannuation funds .