What is APRA D2A?
Direct to APRA (D2A) is a secure and user-friendly electronic data submission system. It enables APRA-regulated financial entities to lodge statutory returns. Data can be manually entered or imported directly from the reporting institutions’ information system.
What are the 2 types of APRA funds?
super funds regulated by the Australian Prudential Regulation Authority (APRA), including small funds (SAFs) exempt public sector funds. retirement savings accounts (RSAs)
What powers does APRA have?
APRA licenses banking, insurance and superannuation businesses to operate and supervises them to ensure that under all reasonable circumstances, the financial promises made to their beneficiaries (i.e. depositors, policyholders and superannuation fund members) are kept.
What are APRA regulated entities?
APRA oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurers, private health insurers, friendly societies, and a large part of the superannuation industry.
How do I uninstall D2A?
From the Start menu, select All Programs > APRA Tools > Uninstall. 2. Click Uninstall. All D2A components are uninstalled.
Who does APRA report to?
the Australian Parliament
APRA is accountable to the Australian Parliament in the following ways: APRA’s Annual Report is tabled in Parliament. This includes performance reporting such as the Annual Performance Statement, as well as the Performing Entity Ratio and Money Protection Ratio which are indicative of APRA’s supervisory performance.
Is MLC a APRA fund?
The MLC Super Fund accepts all contribution types including Superannuation Guarantee contributions from any employer. The MLC Super Fund is authorised by APRA to offer a MySuper product and has the MySuper product identifier of 70 732 426 024 883.
Is hostplus an APRA fund?
Hostplus Superannuation Fund (‘the Fund’) (ABN: 68 657 495 890) is an APRA regulated (Licence no. R1000054), defined contribution fund established by a Trust Deed on 1 October 1987. The Fund provides retirement benefits to its members and is divided into three divisions (Industry, Personal and Pension).
What is the main role of APRA?
The role of APRA The Australian Prudential Regulation Authority (APRA) is Australia’s financial system prudential regulator. It is responsible for promoting the prudent management of regulated institutions so that they can meet their financial obligations under all reasonable circumstances.
Does APRA prosecute?
For example, APRA can conduct investigations, direct entities to take or refrain from particular actions, impose conditions on the way a business operates, ban individuals from working in an APRA-regulated industry, commence civil proceedings or refer matters for criminal prosecution.
Is hostplus an APRA?
Is Athena regulated by APRA?
Known internally as “Program Athena”, APRA now has new technology to store, access, analyse and collect data. The system will see banks, superannuation funds and insurers feed the Australian Prudential Regulation Authority more detailed data on their operations and financials.
What does APRA stand for?
The Australian Prudential Regulation Authority (APRA) announced today it has appointed three panel members to conduct the previously announced prudential inquiry into the Commonwealth Bank of Australia (CBA).
When do I need to download new forms for D2A?
New forms must be downloaded when you first install the D2A software and then up to eight weeks before your next return is due. If your institution’s status changes or changes are made to the forms, APRA may request you download new forms. Why does D2A time out with ‘Operation Failed’?
How do I enter my proxy server details in D2a?
If a proxy server is used to connect to the internet, the proxy server details must be entered into D2A to allow your installation to communicate with APRA. To enter these details, navigate to the Tools menu, then Options.
When will the inquiry panel report to Apra?
The inquiry panel will be provided with support by APRA, and may obtain other external expertise and advice as its sees fit. The inquiry panel will provide a final report to APRA by 30 April 2018, with a progress report due on 31 January 2018. APRA intends to make these reports public.