From www.superreview.com.au: APRA has announced eight proposals aimed at enhancing governance standards for super funds, banks, and insurers, marking the first significant update in over a decade.

These proposals focus on improving areas such as skills and capabilities, conflicts management, and implementing a maximum 10-year tenure for non-executive directors.

APRA plans to consult with stakeholders for three months before formal consultations in 2026, with the updated governance framework expected to be published in early 2027.