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Brief
On 13/03/2025, the Australian Prudential Regulation Authority issued an update regarding APRA varies BUSSQ's additional licence conditions. The update relates to the variation of additional licence conditions imposed on The Building Unions Superannuation Scheme (Queensland) (BUSSQ), requiring independent review of fit and proper processes and expenditure management practices, with updated timeframes and procedural fairness afforded to BUSSQ.
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