Matthew Miller

HESTA Undergoes APRA Examination Regarding Significant Tech Replatforming Initiative

Matthew Miller on December 12, 2025

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HESTA’s Technology Shift Under APRA Oversight

HESTA incurs APRA's criticism over extensive tech replatforming endeavor

Quick Overview

HESTA’s technology shift encountered disturbances impacting 1 million members.
APRA enforces extra licence requirements on HESTA.
Mandatory independent assessments of risk management and board performance initiated.
HESTA’s CEO promises to address issues and enhance member services.

HESTA’s Significant Technology Replatforming Initiative

Earlier this year, HESTA initiated a substantial technology shift, characterized as one of the largest and most thorough projects of its type by an Australian industry super fund. This significant replatforming took the super fund offline from early April until early June, disrupting account access and transaction processes for around 1 million members.

Access Problems for Members

Although the transition concluded in early June, some members still encountered access difficulties for up to a month. Extended wait times at contact centres compounded the issue, delaying solutions and frustrating members.

Response from APRA

The Australian Prudential Regulation Authority (APRA) has raised concerns regarding the project’s management, leading to additional licence stipulations for HESTA. APRA Deputy Chair Margaret Cole highlighted the importance of effectively managed transitions that do not hinder members’ access to their accounts.

Commitments from HESTA

HESTA CEO Debby Blakey recognized the regulator’s worries and expressed apologies to members for the experienced disruptions. Blakey reaffirmed that the transition aimed to enhance service in the long run and that HESTA is dedicated to implementing enhancements to better support its members.

Conclusion

HESTA’s ambitious technology transition initiative has attracted scrutiny from APRA due to extended disruptions in member services. The super fund is now under extra licence conditions and is required to undergo independent reviews to evaluate its risk management and board efficacy. HESTA assures that measures are being adopted to improve service delivery for its members.

Q&A

Q: What initiated APRA’s examination of HESTA?

A: APRA’s examination was prompted by the significant and prolonged disruption in member services during HESTA’s technology transition, affecting access and transaction processing for a large number of members.

Q: What extra conditions has APRA placed on HESTA?

A: APRA has mandated that HESTA conduct independent evaluations of its risk management framework and board effectiveness.

Q: How has HESTA reacted to APRA’s conditions?

A: HESTA has conveyed its dedication to addressing the issues raised by APRA, fully cooperating with the regulator, and applying any necessary improvements to enhance member services.

Q: What was the extent of HESTA’s technology initiative?

A: The initiative was a significant replatforming endeavor, regarded as one of the largest and most comprehensive technology projects undertaken by an Australian industry super fund.

Q: How long did the disruptions persist?

A: The primary transition phase lasted from early April to early June, but some members faced access challenges for up to a month after that.

Q: What are the long-range objectives of HESTA’s replatforming initiative?

A: HESTA aims to provide a superior, more tailored service to its members, ensuring enhanced account access and transaction capabilities.

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Adelaide Street Circuit Energizes iRacing Roster in Spectacular 2026 Season 1 Update

Matthew Miller on December 10, 2025

Adelaide Street Circuit makes its debut in iRacing for the 2026 Season 1.
A notable enhancement for Australian sim racing fans.
Shows a contemporary layout featuring 14 intricate turns.
Digitally honors Adelaide’s illustrious motorsport heritage.
Anticipated to elevate involvement in the official Supercars series.

A Historic Addition to the Platform

The update for iRacing in 2026 Season 1 is set to transform the experience, particularly for users from Australia. By incorporating the Adelaide Street Circuit, iRacing responds to a highly sought-after feature from its user base. This enhancement enriches the platform’s Australian offerings, delivering a complete V8 Supercars experience with the Gen3 Ford Mustang and Chevrolet Camaro racing on the iconic Adelaide circuit.

The Track: An In-Depth Analysis

The newly added iRacing Adelaide Street Circuit boasts an accurate 3.219 km configuration with 14 turns. Kicking off with the Senna Chicane, drivers face a formidable challenge requiring accuracy and courage. The track’s layout captures the essence of Adelaide’s relentless walls and technical bends, providing a realistic simulation experience that reflects genuine racing scenarios.

Heritage Meets Digital Conservation

The circuit of Adelaide holds a rich history, first appearing in the 1985 World Driver’s Championship and hosting Formula 1 up until 1995. It became central to Supercars from 1999, witnessing many crucial events. Now, this legendary venue is preserved digitally with the meticulous accuracy of iRacing’s laser scanning, allowing sim racers around the globe to engage with its heritage.

The Significance for Australian Sim Racing

The addition of Adelaide to iRacing is a landmark moment for Australia’s sim racing community. It addresses a significant missing piece in the Australian motorsport calendar, enabling a complete replication of the “Triple Crown” races. This development is projected to boost participation in iRacing’s official Supercars series and create prospects for unique virtual events.

Getting Behind the Wheel

iRacing members can now download the update, with the Adelaide Street Circuit available for acquisition. This weekend is set for exciting virtual competitions, with the Senna Chicane poised to challenge even the most accomplished drivers.

For further details, check out iRacing’s official website.

Summary

The addition of the Adelaide Street Circuit in iRacing’s 2026 Season 1 update represents a considerable achievement for sim racing within Australia. It completes the digital experience of V8 Supercars and preserves the motorsport heritage of Adelaide in remarkable detail. The update is anticipated to energize the community, presenting exceptional racing prospects.

Q&A

Q: What makes the Adelaide Street Circuit unique in Australian motorsport?

A: Adelaide is renowned for its challenging design and historical importance, having hosted events such as the World Driver’s Championship and Formula 1.

Q: How does the new iRacing update enhance the V8 Supercars experience?

A: It completes the Supercars virtual calendar by integrating the Adelaide circuit, facilitating full season reproductions and special events.

Q: What are the primary features of the Adelaide track on iRacing?

A: The track features a layout of 3.219 km with 14 turns, including the demanding Senna Chicane, providing a realistic and challenging racing experience.