Examining APRAs final guidance on remuneration: Prudential Practice Guide CPG 511

Following the release of APRA's final version of CPG 511, Regulated Entities should begin to review and revise their remuneration arrangements sooner rather than later. 

In response to Prudential Standard CPS 511 Remuneration (CPS 511) being released on 27 August 2021, the Australian Prudential Regulation Authority (APRA) has recently published a final version of its Prudential Practice Guide CPG 511 Remuneration (CPG 511). 

CPG 511 provides APRA-regulated entities (including banks, insurers and superannuation licensees) (Regulated Entities) with guidance on navigating heightened requirements under CPS 511 with respect to remuneration and accountability, and communicates APRA's expectations in this regard.