APRA Approval for Purported Merger of Five Super Funds into the MLC Super Fund

Phillip Sweeney made this Freedom of Information request to Australian Prudential Regulation Authority

The request was refused by Australian Prudential Regulation Authority.

From: Phillip Sweeney

Delivered

Dear Australian Prudential Regulation Authority,

One of the documents in the Exhibits List of the Hayne Royal Commission is a letter to Greg Tanzer of ASIC dated 22 July 2016 [Exhibit 5.47] from Andrew Hagger, Chair, National Wealth Management Services Ltd and Nicole Smith, Chair, NULIS Nominees (Australia) Ltd. Both companies are subsidiaries of National Australia Bank (NAB).

The following is an extract

"3.9 Our recent successor fund transfer ("SFT") represents the single largest simplification initiative in the history of NAB's wealth management business.

3.10 The SFT was undertaken in consultation with APRA with whom we engaged in detail ........"

The document I seek is a letter from APRA approving the purported merger of five funds, their assets and members (including beneficiaries) into the MLC Super Fund.

If there is no "Approval Letter" as such then I am seeking a copy of all letters and emails

from APRA to NAB/NULIS concerning the "consultation with APRA" mentioned in evidence provided to the Hayne Royal Commission.

Yours faithfully,

Phillip Sweeney

Link to this

From: Freedom of Information
Australian Prudential Regulation Authority


Attachment image001.png
19K Download


Dear Mr Sweeney,

 

I acknowledge receipt of your FOI request dated 3 November 2019. We are
processing your request and will respond soon.

 

Regards,

 

FOI OFFICER

T 02 9210 3000 | E [1][APRA request email]

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
1 Martin Place (Level 12), Sydney, NSW 2000
GPO Box 9836, Sydney, NSW 2001
T 02 9210 3000 | W [2]www.apra.gov.au

[3]Title: Australian Coat of Arms and APRA logo

 

 

show quoted sections

Link to this

From: Freedom of Information
Australian Prudential Regulation Authority


Attachment image001.png
19K Download


Dear Mr Sweeney,

 

FOI 20-17:

 

APRA is awaiting responses from affected third parties and have revised
the decision date to 1 January 2020.

 

Regards,

 

FOI OFFICER

T 02 9210 3000 | E [1][APRA request email]

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
1 Martin Place (Level 12), Sydney, NSW 2000
GPO Box 9836, Sydney, NSW 2001
T 02 9210 3000 | W [2]www.apra.gov.au

[3]Title: Australian Coat of Arms and APRA logo

 

 

show quoted sections

Link to this

From: Freedom of Information
Australian Prudential Regulation Authority


Attachment image001.png
19K Download

Attachment FOI 20 17 Notice of Decision.pdf
157K Download View as HTML


Dear Mr Sweeney,

 

Please find attached APRA's Notice of Decision dated 2 January 2020.

 

Regards,

 

FOI OFFICER

T 02 9210 3000 | E [1][APRA request email]

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
1 Martin Place (Level 12), Sydney, NSW 2000
GPO Box 9836, Sydney, NSW 2001
T 02 9210 3000 | W [2]www.apra.gov.au

[3]Title: Australian Coat of Arms and APRA logo

 

 

show quoted sections

Link to this

Things to do with this request

Anyone:
Australian Prudential Regulation Authority only: