{"id":"F2020L00679","name":"Australian Prudential Regulation Authority instrument fixing charges No. 1 of 2020","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2020","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":100150,"registerId":"commonwealth-F2020L00679-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Australian Prudential Regulation Authority instrument fixing charges No. 1 of 2020","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 1 of 2020\n\nModels-based capital adequacy requirements for ADIs for the financial year 2019\\-20\n\nAustralian Prudential Regulation Authority Act 1998\n\nI, 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.\n\nThis instrument commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003.\n\nDated: 05 June 2020\n\n![](image.004.png)![](image.003.png)![](image.002.png)\n\n![](image.007.png)![](image.006.png)![](image.005.png)\n\nStephen Brian Matthews\n\nExecutive Director\n\nInterpretation\n\nIn this instrument\n\nADI is short for authorised deposit-taking institution and has the meaning given in section 5 of the Banking Act 1959.\n\nAPRA means the Australian Prudential Regulation Authority.\n\n \nSchedule of charges\n\n```html\n

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.

$233,200

(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
  • ING Bank (Australia) 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.

$42,900

(inclusive of GST)

This charge is non-refundable.

  • Bendigo and Adelaide Bank Limited
\n```","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function suggested by its title: fixing charges for models-based capital adequacy supervision. It has not expanded beyond this narrow, technical purpose."},"complexity_factors":["Very short instrument (approximately 1 page of substantive content)","Only 2 defined terms (ADI and APRA)","Simple tabular structure with 4 columns covering service, amount, payer, and timing","No cross-references to other legislation beyond the enabling Act","No conditional logic, exceptions, or nested provisions","Flat fee structure with only two distinct amounts","Straightforward payment trigger (invoice receipt)"],"plain_english_summary":"APRA charges specific banks a fee for using internal, models-based approaches to calculate regulatory capital, recovering the regulator’s costs for assessing applications and ongoing supervision. \n\nThe instrument levies $233,200 each on the Big Four, Macquarie and ING, and $42,900 on Bendigo and Adelaide Bank, inclusive of GST and non-refundable; invoices are payable 14 days after issue for the 2019–20 year."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The instrument does not expand APRA’s regulatory powers; it only fixes fees for specified services and named ADIs for the 2019–20 models‑based capital adequacy supervision. It changes cost allocation (who pays and how much) but not the substantive scope of regulation."},"complexity_factors":["Narrow, task‑specific instrument: fixes fees for a single supervisory approach and year (Schedule).","Fixed monetary amounts specified by named institutions, rather than formulaic rates (Schedule).","Non‑refundable character increases compliance cost certainty for payers (Schedule: “This charge is non‑refundable”).","Short payment window and invoicing discretion: payable 14 days after APRA’s invoice; APRA may invoice at any time after registration (Schedule).","Legal authority is delegated action under paragraph 51(1)(a) and (b) of the Australian Prudential Regulation Authority Act 1998 (instrument preamble).","Implementation simplicity reduces legal ambiguity but requires administrative billing and recordkeeping by both APRA and listed ADIs."],"plain_english_summary":"This instrument fixes specific, non‑refundable fees that APRA will charge certain authorised deposit‑taking institutions (ADIs) for APRA’s assessment and ongoing supervision under the models‑based capital adequacy approach for 2019–20. It names the affected ADIs, sets the dollar amounts ($233,200 for the major banks; $42,900 for Bendigo and Adelaide Bank) and requires payment within 14 days of APRA’s invoice. The instrument is made by an APRA delegate under paragraph 51(1)(a) and (b) of the APRA Act."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2020","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2020/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2020/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2020/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2020/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2020/documents"}}