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APRA SPS 220 Risk Management (Superannuation)

Self-Assess
Australia
v2023
10 domains
28 controls

Australian Prudential Regulation Authority Prudential Standard SPS 220 sets out risk management requirements specifically for RSE licensees (superannuation trustees). It requires RSE licensees to maintain a Board-approved risk management framework covering material risks to the business operations and to the interests of beneficiaries.

Verified

APRA SPS 220 Risk Management (Superannuation) is a compliance framework from Australia with 10 domains and 28 controls that map to 96 other frameworks. The largest domains are Risk Management (6 controls), Assurance (4 controls), Governance (3 controls). Every control below carries what it requires and what an assessor expects to see.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

Framework summaries on this platform are AI-assisted interpretations for educational and compliance planning purposes. They do not reproduce or replace the official standards. Refer to the authoritative source for the definitive text. Framework names and trademarks belong to their respective organisations.

Framework Domains (10)

Assurance

4 controls
Controls in the Assurance domain of APRA SPS 220 Risk Management (Superannuation) — 4 controls
CodeTitle
SPS220-46Triennial Comprehensive Review of the Framework
SPS220-P28Annual Review in Non Comprehensive Review Years
SPS220-P29Scope and Minimum Content of the Comprehensive Review
SPS220-P31Assessment Following Material Developments Outside the Review Cycle

Audit

1 controls
Controls in the Audit domain of APRA SPS 220 Risk Management (Superannuation) — 1 controls
CodeTitle
SPS220-48Internal and External Audit Arrangements

Board and Senior Management

1 controls
Controls in the Board and Senior Management domain of APRA SPS 220 Risk Management (Superannuation) — 1 controls
CodeTitle
SPS220-16Designated Risk Management Function

Governance

3 controls
Controls in the Governance domain of APRA SPS 220 Risk Management (Superannuation) — 3 controls
CodeTitle
SPS220-13Board Responsibility for the Risk Management Framework
SPS220-P8Board Responsibility for Solvency and Adequate Resources
SPS220-P9Board Approval of Group Policies and Functions

Reporting

3 controls
Controls in the Reporting domain of APRA SPS 220 Risk Management (Superannuation) — 3 controls
CodeTitle
SPS220-42Minimum Contents of the Risk Management Framework
SPS220-44APRA Notification of Framework Breach within 10 Business Days
SPS220-P36APRA Notification of Material Changes to Business Operations

Review and Reporting

3 controls
Controls in the Review and Reporting domain of APRA SPS 220 Risk Management (Superannuation) — 3 controls
CodeTitle
SPS220-28Annual Board Risk Management Declaration
SPS220-P33Submission Deadline for the Risk Management Declaration
SPS220-P34Content of a Qualified Risk Management Declaration

Risk Categories

1 controls
Controls in the Risk Categories domain of APRA SPS 220 Risk Management (Superannuation) — 1 controls
CodeTitle
SPS220-P13Contagion Risk from Non Superannuation Business

Risk Management

6 controls
Controls in the Risk Management domain of APRA SPS 220 Risk Management (Superannuation) — 6 controls
CodeTitle
SPS220-17Maintenance of a Risk Management Framework
SPS220-19Risk Appetite Statement
SPS220-23Risk Categories the Framework Must Cover
SPS220-P11Assessment of the Materiality of Each Risk
SPS220-P18Risks Arising from Strategic Objectives and the Business Plan
SPS220-P20Minimum Contents of the Risk Appetite Statement

Risk Management Framework

3 controls
Controls in the Risk Management Framework domain of APRA SPS 220 Risk Management (Superannuation) — 3 controls
CodeTitle
SPS220-18Framework Coverage of All Material Risks
SPS220-P15Reasonable Assurance of Prudent and Sound Management
SPS220-P17Identification of Group Derived Framework Elements

Risk Management Strategy

3 controls
Controls in the Risk Management Strategy domain of APRA SPS 220 Risk Management (Superannuation) — 3 controls
CodeTitle
SPS220-20Risk Management Strategy
SPS220-22Framework Enabling Strategies, Policies, Procedures and Controls
SPS220-P22Minimum Contents of the Risk Management Strategy

Your Compliance Coverage

If you comply with APRA SPS 220 Risk Management (Superannuation), you already cover:

NIST Cybersecurity Framework 2.0

100%

28 controls mapped

Compare →

APRA CPS 220 Risk Management

43%

12 controls mapped

Compare →

CMMC 2.0

25%

7 controls mapped

Compare →

+ 93 more: NIST SP 800-53 Rev 5 (14%), UK AI Regulation Framework (7%)

See all 96 mapped frameworks ↓

Maps to 96 other frameworks

28 total controls
NIST Cybersecurity Framework 2.0
28 source controls mapped|21 target controls covered
100%
APRA CPS 220 Risk Management
12 source controls mapped|10 target controls covered
43%
CMMC 2.0
7 source controls mapped|5 target controls covered
25%
NIST SP 800-53 Rev 5
4 source controls mapped|7 target controls covered
14%
UK AI Regulation Framework
2 source controls mapped|1 target controls covered
7%
ICAO Annex 17 - Aviation Security (AVSEC)
2 source controls mapped|2 target controls covered
7%
AML/CTF Act 2006 (Australia)
2 source controls mapped|2 target controls covered
7%
ISO 27005
2 source controls mapped|6 target controls covered
7%
ISO/IEC 23894:2023
2 source controls mapped|7 target controls covered
7%
ISO/IEC 27557:2022 - Organisational Privacy Risk Management
2 source controls mapped|5 target controls covered
7%
NIST SP 800-171A Rev 3 - Assessing CUI Security Requirements
2 source controls mapped|3 target controls covered
7%
API 1164
2 source controls mapped|3 target controls covered
7%
Authorised Economic Operator (AEO) Programmes - Global Standards
2 source controls mapped|2 target controls covered
7%
ISO 31000
2 source controls mapped|6 target controls covered
7%
APRA CPS 230 Operational Risk Management
2 source controls mapped|4 target controls covered
7%
ISO 27019
2 source controls mapped|3 target controls covered
7%
South Korea ISMS-P
2 source controls mapped|2 target controls covered
7%
Annex 11 to EU GMP - Computerised Systems
2 source controls mapped|1 target controls covered
7%
SOC for Cybersecurity - Cybersecurity Risk Management Examination
2 source controls mapped|4 target controls covered
7%
UAE Virtual Asset Regulatory Authority (VARA) Regulations
2 source controls mapped|3 target controls covered
7%
EASA Part-IS - Information Security in Aviation
2 source controls mapped|5 target controls covered
7%
Security of Critical Infrastructure Act 2018 (SOCI)
2 source controls mapped|4 target controls covered
7%
ISO/IEC 27003:2017
2 source controls mapped|3 target controls covered
7%
FBI CJIS Security Policy
2 source controls mapped|2 target controls covered
7%
IEC 62443
2 source controls mapped|3 target controls covered
7%
Singapore Government Instruction Manual on ICT&SS Management (IM8)
2 source controls mapped|2 target controls covered
7%
NIST SP 1800-32
2 source controls mapped|3 target controls covered
7%
Kuwait National Cybersecurity Framework
2 source controls mapped|1 target controls covered
7%
SSAE 18 - Attestation Standards (SOC Reporting)
2 source controls mapped|4 target controls covered
7%
IEC 60601-1 - Medical Electrical Equipment Safety
1 source controls mapped|3 target controls covered
4%
APRA CPS 234
1 source controls mapped|2 target controls covered
4%
Aged Care Quality Standards 2019 (repealed edition)
1 source controls mapped|1 target controls covered
4%
SASB Standards
1 source controls mapped|3 target controls covered
4%
ISO 37000:2021 - Governance of Organizations
1 source controls mapped|2 target controls covered
4%
ISO 15189:2022 - Medical Laboratories Requirements for Quality and Competence
1 source controls mapped|1 target controls covered
4%
Singapore AI Governance Framework
1 source controls mapped|1 target controls covered
4%
PCI P2PE
1 source controls mapped|3 target controls covered
4%
AS9100D - Aerospace Quality Management System
1 source controls mapped|1 target controls covered
4%
ISO 28001:2007 Supply Chain Security Management
1 source controls mapped|1 target controls covered
4%
BS 65000:2014 - Guidance on Organizational Resilience
1 source controls mapped|2 target controls covered
4%
PCI SSF
1 source controls mapped|3 target controls covered
4%
Solvency II
1 source controls mapped|3 target controls covered
4%
IAIS Insurance Core Principles (ICPs)
1 source controls mapped|2 target controls covered
4%
IEC 62304:2015 Medical Device Software Lifecycle Processes
1 source controls mapped|3 target controls covered
4%
FFIEC IT Examination Handbook
1 source controls mapped|3 target controls covered
4%
PCI PIN Security
1 source controls mapped|3 target controls covered
4%
FFIEC Cybersecurity Assessment Tool (CAT)
1 source controls mapped|2 target controls covered
4%
ISO 20400:2017 - Sustainable Procurement
1 source controls mapped|1 target controls covered
4%
ISO 22320:2018
1 source controls mapped|1 target controls covered
4%
ISO/IEC 38500:2024 - Governance of IT
1 source controls mapped|1 target controls covered
4%
TISAX - Trusted Information Security Assessment Exchange
1 source controls mapped|2 target controls covered
4%
Telecommunications Sector Security Reforms (TSSR)
1 source controls mapped|1 target controls covered
4%
ISO 31000:2018
1 source controls mapped|1 target controls covered
4%
Virginia CDPA
1 source controls mapped|1 target controls covered
4%
Uruguay DPL
1 source controls mapped|1 target controls covered
4%
UNESCO Recommendation on the Ethics of AI
1 source controls mapped|2 target controls covered
4%
UK FCA/PRA Operational Resilience Framework
1 source controls mapped|1 target controls covered
4%
UK GDPR (UK General Data Protection Regulation)
1 source controls mapped|1 target controls covered
4%
Texas Data Privacy Act
1 source controls mapped|1 target controls covered
4%
Taiwan PDPA
1 source controls mapped|1 target controls covered
4%
Federal Decree-Law No. 45 of 2021 on the Protection of Personal Data (UAE PDPL)
1 source controls mapped|1 target controls covered
4%
SANS Incident Handler's Handbook and PICERL Methodology
1 source controls mapped|1 target controls covered
4%
SQF Code Edition 9 - Safe Quality Food
1 source controls mapped|2 target controls covered
4%
ISO 13485
1 source controls mapped|1 target controls covered
4%
FedRAMP High
1 source controls mapped|1 target controls covered
4%
NIST SP 800-53 Revision 5.1 HIGH
1 source controls mapped|1 target controls covered
4%
FedRAMP Moderate
1 source controls mapped|1 target controls covered
4%
NIST SP 800-53 Rev 5 MODERATE
1 source controls mapped|1 target controls covered
4%
NIST SP 800-53 Rev 5 LOW
1 source controls mapped|1 target controls covered
4%
Bahrain PDPL
1 source controls mapped|1 target controls covered
4%
ISO 27799
1 source controls mapped|1 target controls covered
4%
Responsible Minerals Initiative (RMI) - Responsible Minerals Assurance Process
1 source controls mapped|3 target controls covered
4%
NIST SP 800-190
1 source controls mapped|1 target controls covered
4%
ASIS SPC.1-2009 - Organizational Resilience Standard
1 source controls mapped|1 target controls covered
4%
ISO/IEC 29147:2018
1 source controls mapped|1 target controls covered
4%
GDPR
1 source controls mapped|1 target controls covered
4%
Singapore Cybersecurity Act 2018
1 source controls mapped|1 target controls covered
4%
BSI IT-Grundschutz
1 source controls mapped|3 target controls covered
4%
AWWA Cybersecurity Guidance for the Water Sector (American Water Works Association)
1 source controls mapped|1 target controls covered
4%
ISO/IEC 29134:2023
1 source controls mapped|1 target controls covered
4%
Switzerland New Federal Act on Data Protection (nFADP/nDSG, 2023)
1 source controls mapped|2 target controls covered
4%
ISO/IEC 27031:2011
1 source controls mapped|1 target controls covered
4%
ISO 22313:2020 - Guidance on Business Continuity Management Systems
1 source controls mapped|1 target controls covered
4%
Saudi Arabia PDPL
1 source controls mapped|1 target controls covered
4%
ISO 27017
1 source controls mapped|1 target controls covered
4%
Barbados Data Protection Act 2019
1 source controls mapped|1 target controls covered
4%
NFPA 1600 - Standard on Continuity, Emergency, and Crisis Management
1 source controls mapped|1 target controls covered
4%
AICPA Privacy Management Framework (PMF)
1 source controls mapped|1 target controls covered
4%
ISO 45001
1 source controls mapped|1 target controls covered
4%
ISO 22000
1 source controls mapped|1 target controls covered
4%
UK Security and Emergency Measures Direction (SEMD) - Water Industry
1 source controls mapped|1 target controls covered
4%
ISO 27018
1 source controls mapped|1 target controls covered
4%
US Consumer Product Safety Commission (CPSC) - Connected Product Safety
1 source controls mapped|1 target controls covered
4%
ISO 26262:2018 - Functional Safety for Road Vehicles
1 source controls mapped|1 target controls covered
4%
UK Modern Slavery Act 2015
1 source controls mapped|1 target controls covered
4%
UK Age Appropriate Design Code (Children's Code)
1 source controls mapped|1 target controls covered
4%
Compare APRA SPS 220 Risk Management (Superannuation) with NIST Cybersecurity Framework 2.0

What is APRA SPS 220 Risk Management (Superannuation) and who does it apply to?

APRA SPS 220 Risk Management (Superannuation) is a compliance framework from Australia with 10 domains and 28 controls. Australian Prudential Regulation Authority Prudential Standard SPS 220 sets out risk management requirements specifically for RSE licensees (superannuation trustees). It requires RSE licensees to maintain a Board-approved risk management framework covering material risks to the business operations and to the interests of beneficiaries. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.

What does APRA SPS 220 Risk Management (Superannuation) actually require?

APRA SPS 220 Risk Management (Superannuation) has 28 controls organised across 10 domains. The largest domains are Risk Management (6 controls), Assurance (4 controls), Governance (3 controls). Each control defines specific requirements that organisations must implement to achieve compliance.

If I already comply with another framework, how much of APRA SPS 220 Risk Management (Superannuation) do I already cover?

APRA SPS 220 Risk Management (Superannuation) maps to 96 other compliance frameworks. The top mapping partners are NIST Cybersecurity Framework 2.0 (100% coverage), APRA CPS 220 Risk Management (43% coverage), CMMC 2.0 (25% coverage). Use our comparison tool to explore control-level mappings between frameworks.

How do I implement APRA SPS 220 Risk Management (Superannuation)?

Start your APRA SPS 220 Risk Management (Superannuation) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about APRA SPS 220 Risk Management (Superannuation) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 28 controls and track your progress.

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