APRA: We don’t make policy

by

Ed.

From financialnewswire.com.au: APRA has clarified that it does not engage in political policy-making, emphasizing that decisions regarding the role of superannuation in facilitating home ownership are the responsibility of the government.

During a Senate Estimates hearing, APRA stated that it evaluates trustees’ compliance with prudential standards on a case-by-case basis and that educating members on policy matters exceeds its current mandate.

Filed under: Superannuation

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