Superannuation funds and their Trustees are required, under the Financial Sector (Collection of Data) Act 2001, and it’s reporting standards to provide data to APRA. The process to date has been an onerous burden on Trustees and their respective administrators.

APRA’s Superannuation Data Transformation (SDT) project aims to bring about positive changes in the superannuation industry by ensuring better data management practices, fostering transparency, and ultimately benefiting superannuation fund members. The objective is to enhance the compatibility and consistency of reported data by replacing data collection via Excel-based manual process to a more efficient automated scalable solution to improve the depth, breadth, and quality of its superannuation data collection.