In April 2025, APRA released a discussion paper outlining proposed enhancements to governance standards for banks, insurers and Registrable Superannuation Entity (RSE) licensees. Following a consultation period, in October 2025, APRA released a further update including an overview of the feedback received and some amendments and clarifications to the original proposals. To help entities prepare, we have distilled the key takeaways and provided an outline of the practical steps they can take in our recent updates linked below. Read our analysis of the original proposals and the post‑consultation developments. We will continue to publish insights as this complex area evolves, with further commentary to follow APRA’s June 2026 announcement that it has entered the final phase of its governance review.