APRA releases proposals to strengthen trustee investment governance
The Australian Prudential Regulation Authority has released proposals to strengthen superannuation trustee investment governance, responding to weaknesses found in its 2025 review of platform trustees. The package adds three safeguards, including member-level limits on higher-risk investments, and five changes covering onboarding, monitoring, remediation, valuations and accountability. Deputy Chair David Bradbury cited the Shield and First Guardian failures. Submissions close on 3 February 2027, with the framework expected to start on 1 January 2028.