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  • Large APRA Fund Extract Design Working Group key messages 26 November 2019

    Welcome

    The chair opened and welcomed the group to the Large APRA Fund Extract Design Working Group and highlighted the opportunity for the group to work towards the design of a new contemporary engagement solution to assist with an entities operational and reporting performance under the new reporting framework.

    Outline and purpose of the day

    An outline and purpose of the day was provided which included:

    • confirming design principles
    • expectations of the day objectives
    • high level timeframe of the design schedule.

    Prioritisation of extract content and data availability

    Discussion focused on:

    • the preferred extract content for funds
    • prioritisation of extract content and data availability
    • agreement of extract content for pilot.

    Agreement of extract content for pilot

    The group agreed on:

    • final design principles to initiate development of the Large APRA Fund Extract prototype
    • key metrics/statistics of the most value to understand a fund's performance and conformance with reporting obligations.

    Next steps

    • The design and implementation team will work towards developing the Large APRA fund extract prototype.
    • The prototype will be based on actual data from the December 2019 quarter, for the purposes of testing and review.

    Action item

    Action item

    The initial prototype will be developed and tested within the APEx working group.

    Due date

    First quarter of 2020

    Responsibility

    ATO


    Action item

    Further modifications will be incorporated if required for testing the APEx more broadly.

    Due date

    After the March 2020 period

    Responsibility

    ATO

      Last modified: 18 Mar 2020QC 61847