Australian Prudential Regulation Authority instrument fixing charges No. 3 of 2017

Models-based capital adequacy requirements for ADIs for the financial year 2016-17

Australian Prudential Regulation Authority Act 1998

 

I, Stephen Brian Matthews, a delegate of APRA, under paragraph 51(1)(a) and (b) of the Australian Prudential Regulation Authority Act 1998 FIX the charges specified in the attached Schedule of charges in respect of the specified services provided by APRA.

 

This instrument commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003.

 

Dated: 20 June 2017

 

[Signed]

 

 

Stephen Brian Matthews

Executive General Manager (Corporate)

 

 

 

Interpretation

In this instrument

ADI is short for authorised deposit-taking institution and has the meaning given in section 5 of the Banking Act 1959.

APRA means the Australian Prudential Regulation Authority.

 


Schedule of charges

 

 

Column 1

Nature of services and applications for which the charge is imposed

Column 2

Amount of the charge

Column 3

Person required to pay the charge

Column 4

When the charge is to be paid

Assessment of applications and the ongoing supervision of ADIs under the models-based approach.

$309,100

(inclusive of GST)

This charge is ­non-refundable.

  • Australia and New Zealand Banking Group Limited
  • Commonwealth Bank of Australia
  • National Australia Bank Limited
  • Westpac Banking Corporation
  • Macquarie Bank Limited

 

14 days after receipt of APRA’s invoice for the charge.

The invoice may be issued at any time after the date of this instrument.

$130,900

(inclusive of GST)

This charge is non-refundable.

  • ING Bank (Australia) Limited
  • Bendigo and Adelaide Bank Limited
  • Suncorp-Metway Limited