{"id":"F2015L01101","name":"Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2015","slug":"australian-prudential-regulation-authority-commonwealth-costs-determination-2015","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438344,"registerId":"F2015L01101-fast-fetch-1775954815003","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2015","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms](image.001.png)\n\n \n\n \n\nAustralian Prudential Regulation Authority (Commonwealth Costs) Determination 2015\n\nI, Joshua Frydenberg, Assistant Treasurer, make the following determination under paragraph 50(1)(a) and subsection 50(1A) of the Australian Prudential Regulation Authority Act 1998.\n\nDated: 25 June 2015\n\nJoshua Frydenberg\n\nAssistant Treasurer\n\n \n\n \n\n \n\n \n\nContents\n\n1 Name of determination\n\n2 Commencement\n\n3 Authority\n\n4 Repeal\n\n5 Definitions\n\n6 Commonwealth costs\n\n7 Proportion of levy money paid to APRA\n\n \n\n1  Name of determination\n\n  This determination is the Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2015.\n\n2  Commencement\n\n  This determination commences on 1 July 2015.\n\n3  Authority\n\n  This determination is made under paragraph 50(1)(a) and subsection 50(1A) of the Australian Prudential Regulation Authority Act 1998.\n\n4  Repeal\n\n  The Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2014 is repealed.\n\n5  Definitions\n\n  In this determination:\n\n2015‑2016 financial year means the financial year commencing on 1 July 2015.\n\nAct means the Australian Prudential Regulation Authority Act 1998.\n\n6  Commonwealth costs\n\n  For paragraph 50(1)(a) of the Act, the amount of levy money payable to the Commonwealth, in respect of levy for the 2015-2016 financial year, is   $112 500 000.\n\n7  Proportion of levy money paid to APRA\n\n  For subsection 50(1A) of the Act, the proportion of amounts of levy money paid to APRA for the 2015‑2016 financial year, on behalf of the Commonwealth, that is to be credited to the APRA Special Account on an ongoing basis is 51.1%.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1567},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This determination performs the exact annual administrative function contemplated by the Australian Prudential Regulation Authority Act 1998—specifying the Commonwealth costs amount and the proportion credited to the APRA Special Account for the financial year. It does not expand beyond the original legislative intent."},"complexity_factors":["Only 2 substantive operative provisions (sections 6 and 7) containing simple numerical values","Minimal definitional framework with only 2 defined terms","No conditional logic, exceptions, or internal cross-references","Straightforward monetary specifications without formulae or calculations"],"plain_english_summary":"This determination sets how the money is split between APRA (Australia's banking and superannuation regulator) and the Commonwealth Government for the 2015-16 financial year.\n\n**What it does:**\n*   **Takes money from APRA**: Requires APRA to pay **$112.5 million** to the Commonwealth out of the levies it collects from banks, insurers, and superannuation funds.\n*   **Sets APRA's budget**: Determines that **51.1%** of ongoing levy money paid to APRA gets credited to its Special Account to fund its operations. The remainder goes to consolidated revenue (general government funds).\n\n**Who it affects:**\nPrimarily APRA itself, and indirectly the financial institutions (banks, insurers, super funds) that pay annual levies to fund financial sector supervision.\n\n**Why it matters:**\nThis is an annual funding mechanism that ensures APRA has sufficient resources to monitor Australia's financial system stability, while specifying how much excess revenue returns to the government."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2015","history":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2015/history","analysis":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2015/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2015/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2015/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2015/documents"}}