Stronger Member Outcomes — APRA SPS 515
RSE licensees must annually assess member-outcomes performance + take action.
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Who must comply
APRA-regulated RSE licensees.
What triggers it
Annual cycle.
When due
Annual assessment + board sign-off.
Evidence required
Outcomes assessment; board minutes; action plan.
Max penalty
APRA enforcement actions; product closure decisions
Summary
APRA SPS 515 + SPG 515 require RSE licensees to conduct an annual member-outcomes assessment for each cohort (MySuper + Choice). Test investment performance, fees + costs, options + benefits, services. Take action where outcomes inadequate.
Enforced by
Source legislation
Industries
Topics
supermember-outcomessps-515
Source: https://apra.gov.au/super-prudential-framework. Rules Mate is not a law firm. Always verify against the live regulator source before acting.