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ARTICLE · 29 JULY 2019

A shake-up for superannuation? The APRA Capability Review

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The superannuation sector is set for a shake up, with APRA supporting all 19 recommendations of the Capability Review.

AustraliaFinance and Banking
Michael Chaaya
Michael Chaaya
Matthew Dulaney
Matthew Dulaney
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On 16 July 2019, an expert panel chaired by Graeme Samuel published their Capability Review of the Australian Prudential Regulation Authority (APRA).1 Commissioned by the Federal Government as a response to recommendations made by Commissioner Kenneth Hayne's Royal Commission Final Report (Report), the Capability Review made 24 recommendations, with 19 directed to APRA and the remaining five to the Federal Government.

In our article published following the release of the Report, we noted that although many recommendations were levelled at the financial services sector and its regulators, the substance of Commissioner Hayne's recommendations were in fact lighter in their impact than was anticipated.

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