Original article by Cliona O’Dowd, Michael Roddan
The Australian – Page: 17 & 21 : 18-Jul-19

Australian Prudential Regulation Authority chairman Wayne Byres concedes that regulating superannuation funds is more problematic than banks, as the latter are not subject to capital requirements. Ian Fryer of Chant West says APRA will be much more proactive in regulating the super industry in the wake of its capability review, adding that increased regulatory attention may accelerate consolidation in the sector. Cbus also anticipates merger activity in the sector as underperforming funds come under greater scrutiny.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CHANT WEST FINANCIAL SERVICES PTY LTD, CONSTRUCTION AND BUILDING UNIONS’ SUPERANNUATION FUND, INDUSTRY SUPER AUSTRALIA PTY LTD