{"id":"F2017L00907","name":"Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2017","slug":"australian-prudential-regulation-authority-commonwealth-costs-determination-2017","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439262,"registerId":"F2017L00907-fast-fetch-1775955353635","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 2017","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-keywords: \"[SEC=UNCLASSIFIED]\"\ntitle: 2017 Australian Prudential Regulation Authority (Commonwealth Costs) Determination\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 2017\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:  27 June 2017\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 2017.\n\n2  Commencement\n\n  This determination commences on 1 July 2017.\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Act 1998.\n\n4  Repeal\n\n  The Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2016 is repealed.\n\n5  Definitions\n\n  In this determination:\n\n2017‑2018 financial year means the financial year commencing on 1 July 2017.\n\nAct means the Australian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 2017-2018 financial year, is   $108 400 000.\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 2017‑2018 financial year, on behalf of the Commonwealth, that is to be credited to the APRA Special Account on an ongoing basis is 55.7%.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2150},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is an annual update performing the exact function contemplated by the Australian Prudential Regulation Authority Act 1998. It replaces the 2016 Determination on a like-for-like basis, updating only the dollar amount ($108.4m) and percentage (55.7%) for the new financial year without expanding the scope or purpose of the instrument."},"complexity_factors":["Only 2 operative provisions (sections 6 and 7) setting fixed monetary and percentage amounts","Minimal definitions section with only 2 defined terms","No conditional logic, exceptions, or nested provisions","Repeals only the immediately preceding annual determination (2016)"],"plain_english_summary":"**What this does**\n\nThis determination sets the revenue split for Australia's banking regulator, APRA (the Australian Prudential Regulation Authority), for the 2017-2018 financial year.\n\nSpecifically, it decides how fees (called \"levies\") collected from banks, insurers and superannuation funds are divided between the regulator and the government:\n\n*   **$108.4 million** must be paid to the Commonwealth government\n*   **55.7%** of levy money can stay in APRA's Special Account to fund day-to-day operations\n\n**Who it affects**\n\nFinancial institutions that pay levies to APRA — including banks, insurance companies and superannuation funds. It also determines how much funding APRA has available to supervise the financial system.\n\n**Why it matters**\n\nThis ensures APRA has sufficient resources to police Australia's financial sector (protecting deposits and retirement savings) while ensuring a portion of industry fees flow back to general government revenue."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2017","history":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2017/history","analysis":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2017/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2017/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2017/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-commonwealth-costs-determination-2017/documents"}}