AIST supports the overarching objectives of APRA’s proposed disclosure and reporting requirements to improve the transparency of remuneration arrangements and facilitate more consistent comparisons across financial services but notes that variable remuneration practices in the profit-to-member superannuation are not consistent within the sector nor directly comparable to other sectors.

AIST cautions about the potential exposure of personal information where data that is to be publicly reported only in aggregate cohorts is collected and stored on a granular per-individual basis.