Notification of Systemic Misconduct by AFCA to APRA

Currently waiting for a response from Australian Prudential Regulation Authority, they should respond promptly and normally no later than (details).

Dear Australian Prudential Regulation Authority,

I am resubmitting a 24 April 2021 FOI Request that failed to be delivered.

The Treasury is conducting a Review of the Australian Financial Complaints Authority and the terms of reference include "1.2 Are AFCA's processes for the identification and appropriate response to systemic issues arising from complaints effective"?

Evidence has been provided to David Locke of a systemic issue that relates to a majority of National Australia Bank's Australian Staff who were unlawfully transferred from a top-10 performing "not-for-profit" staff superannuation fund into the poor performing"for-profit" MLC Super Fund.

This transfer was in contravention of the governing rules of the fund and in contravention of superannuation laws.

David Locke has a duty to report this systemic misconduct to APRA (as well as ASIC).
The document (or documents I seek) are copies of any correspondence from David Locke (or AFCA) to APRA that would confirm that David Locke has complied with his duty to report systemic misconduct to APRA.

The search period is from 26 March 2021

Yours faithfully,
Phillip Sweeney

Freedom of Information, Australian Prudential Regulation Authority

Dear Mr Sweeney,

I acknowledge receipt of your FOI request dated 2 June 2021. We are processing your request and will respond soon.

Regards,

FOI OFFICER
T 02 9210 3000 | E [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 www.apra.gov.au

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