Prudential Standard SPS 521, issued under the Superannuation Industry (Supervision) Act 1993, focuses on managing conflicts of interest within superannuation entities in Australia. The standard outlines specific obligations for responsible entities to identify, manage, and mitigate conflicts to protect member interests and maintain public confidence in the superannuation system. Released as Legislative Instrument F2012L02230 on November 23, 2012, this standard reinforces the importance of governance in the superannuation industry and is monitored by the Department of the Treasury.
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