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Australian Financial Reviewafr.com

Sorry, ACTU, but super fund directors need an expiry date (opens original article in a new tab)

TL;DR

APRA enforces a 12-year limit for super fund directors with a possible one-year extension, causing tensions with financial institutions.

  • APRA maintains a 12-year limit for super fund directors with a possible one-year extension
  • Tensions arise between APRA and financial institutions over regulatory risk aversion
  • APRA is known for its conservative approach to regulating banks and super funds
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