Lead signal
Super trustees face a full run: two returns move to APRA Connect from the December quarter, investment governance rules are out for consultation until 3 February, and fund operator capital floors rise from 1 July 2027.
Regulatory changes on the radar
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Regulatory radar overview
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Super returns switch to APRA Connect
- Who it affects
- RSE licensees, administrators and their reporting software providers
- What it can disrupt
- D2A submission integrations, data mappings and allocation logic built for the old collection
- Why it matters now
- Final standards apply to periods ending on or after 1 October 2026. The first December-quarter return through APRA Connect is due 31 March 2027.
Trustee investment rules are being rewritten
- Who it affects
- super trustees, platform trustees in particular
- What it can disrupt
- option onboarding, monitoring and member diversification controls the draft standard would formalise
- Why it matters now
- Proposed, not final. Submissions close 3 February 2027; APRA expects the new framework to start 1 January 2028.
Fund operator capital floors rise
- Who it affects
- responsible entities, IDPS platform operators and retail CCIV directors
- What it can disrupt
- financial requirement monitoring hard-coded to the old thresholds, with no annual indexation step
- Why it matters now
- Instrument made in October. Higher thresholds, including the first indexation, apply from 1 July 2027.
Retirement data reporting is coming
- Who it affects
- RSE licensees and administrators running retirement-phase products
- What it can disrupt
- member data that cannot produce cohort, age band and lifetime income metrics on demand
- Why it matters now
- Proposed, not final. Final consultation closed 9 October; APRA expects data collection to start in late 2027.
Licence conditions over a risk framework
- Who it affects
- super trustees whose obligations registers and controls sit under APRA's risk standards
- What it can disrupt
- obligations registers and controls inventories that cannot show every obligation and who controls it
- Why it matters now
- Conditions imposed 18 August: a rectification program, an independent assurer and board attestation. The $50m capital add-on stays.
Regulators want AI cyber plans tested
- Who it affects
- super trustees and fund managers holding member data and running online access
- What it can disrupt
- incident playbooks, escalation paths and third-party maps never tested at the speed of AI-enabled attacks
- Why it matters now
- Board checklist published. APRA and ASIC point to existing standards, so the test is evidence, not new rules.
Company register access is being tiered
- Who it affects
- fund managers and platforms verifying corporate investors and their directors
- What it can disrupt
- KYC, credit and collections workflows that pull director details from open register searches
- Why it matters now
- Proposed, not final. Consultation closed 12 October; new access settings planned from 1 July 2027, fully in place by 1 August 2028.
Compiled with care from public sources; errors and omissions excepted. Always check the linked source before acting. Regulatory Radar is general information, not legal or compliance advice.