{"id":"F2016L01150","name":"Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2016","slug":"australian-prudential-regulation-authority-commonwealth-costs-determination-2016","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438871,"registerId":"F2016L01150-fast-fetch-1775955117808","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 2016","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-keywords: \"[SEC=UNCLASSIFIED]\"\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 2016\n\nI, Scott Morrison, Treasurer, make the following determination under paragraph 50(1)(a) and subsection 50(1A) of the Australian Prudential Regulation Authority Act 1998.\n\nDated: 28 June 2016\n\nScott Morrison\n\nTreasurer\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 2016.\n\n2  Commencement\n\n  This determination commences on 1 July 2016.\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Act 1998.\n\n4  Repeal\n\n  The Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2015 is repealed.\n\n5  Definitions\n\n  In this determination:\n\n2016‑2017 financial year means the financial year commencing on 1 July 2016.\n\nAct means the Australian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 2016-2017 financial year, is   $128 600 000.\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 2016‑2017 financial year, on behalf of the Commonwealth, that is to be credited to the APRA Special Account on an ongoing basis is 48.7%.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1632},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The determination performs its standard annual function of setting the Commonwealth costs amount and APRA retention percentage under section 50 of the APRA Act. It repeals the 2015 determination as part of routine yearly update, without expanding beyond the statutory authority or original purpose."},"complexity_factors":["Only 2 defined terms ('2016-2017 financial year' and 'Act')","No conditional logic, exceptions, or cross-references beyond the enabling Act","Straightforward numerical specifications with no calculations required","Single-year operation with standard repeal of previous year's determination"],"plain_english_summary":"This determination fixes the 2016–17 split of industry levy receipts between the Commonwealth and APRA: APRA must pay $128.6 million to the Commonwealth, and 48.7% of levy funds held are credited to APRA’s Special Account to fund its supervision work. It affects APRA and the banks, insurers and super funds that pay the levies, because it decides how much funding goes to government revenue versus regulator operations."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2016","history":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2016/history","analysis":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2016/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2016/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2016/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2016/documents"}}