Document ID: chunk:federal_register_of_legislation:F2023L01348:reg:17:p4
Version: federal_register_of_legislation:F2023L01348
Segment Type: reg
Provision Reference: reg 17 (pt 4/6)
Character Range: 58054–61171

complying with the requirements of this Prudential Standard, as part of other disclosures made by the entity that are available on its website.
93.         An APRA-regulated entity must make disclosures on a financial year basis for each full financial year of the APRA-regulated entity.
94.         An APRA-regulated entity must make the disclosures under this Prudential Standard as soon as possible after it lodges its annual financial statements with ASIC and not more than six months after the end of the financial year to which the disclosures relate. If an entity is not required to lodge financial statements with ASIC, it must make the required disclosures not more than six months after the end of the financial year to which the disclosures relate.
95.         APRA may determine that a non-SFI comply with the quantitative disclosure requirements set out in paragraphs 63 to 73 of this Prudential Standard.[25]

Qualitative disclosures
96.         An APRA-regulated entity must disclose information on the governance of the remuneration framework. This must include:
(a)          information on the main bodies that oversee remuneration and the number of meetings held by those bodies during the financial year;
(b)          information on how the Board exercises its discretion in determining remuneration outcomes; and
(c)          a description of how the Board oversees remuneration policies and the input provided by the Board Risk Committee, other Board committees, or the risk function, including the Chief Risk Officer.
97.         An APRA-regulated entity must disclose information on the design and structure of its remuneration framework. This must include a description of how it:
(a)          aligns to the entity's business plan, strategic objectives and risk management framework;
(b)          promotes the effective management of both financial and non-financial risks, sustainable performance and long-term soundness;
(c)          supports the prevention and mitigation of conduct risk; and
(d)          for an RSE licensee, promotes the RSE licensee performing its duties and exercising powers in the best financial interests of beneficiaries.
98.         An APRA-regulated entity must disclose information on its remuneration policy, including:
(a)          how the entity aligns variable remuneration outcomes with performance, where relevant;
(b)          a description of the types of positions included in specified roles, as defined in paragraph 20(v) of this Prudential Standard;
(c)          how consequence management is applied in the event of a material breach or misconduct;
(d)          a description of the different forms of variable remuneration offered to employees in specified roles and the rationale for using these different forms (if offered);
(e)          where no variable remuneration is offered (excluding one-off payments), a description of the method used to ensure risk management outcomes are assessed and consequence management applied in the event of a material breach or misconduct; and
(f)           a description of the ways in which the APRA-regulated