{"id":"F2021L00797","name":"Australian Prudential Regulation Authority instrument fixing charges No. 1 of 2021","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2021","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":101933,"registerId":"commonwealth-F2021L00797-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Australian Prudential Regulation Authority instrument fixing charges No. 1 of 2021","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 1 of 2021\n\nModels-based capital adequacy requirements for ADIs for the financial year 2020-21\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: 17 June 2021\n\n\\[Signed\\]\n\nStephen Brian Matthews\n\nChief Operating Officer\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.

$290,400

(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.

$45,100

(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 described in its title: fixing charges for APRA's supervision of model-based capital adequacy. It has not expanded beyond this narrow, specific purpose."},"complexity_factors":["Very short document (approximately 1 page of substantive content)","Only 2 defined terms in the interpretation section (ADI and APRA)","Simple tabular structure with 4 columns covering service description, amount, payer, and timing","No cross-references to other legislation beyond the enabling Act (APRA Act 1998)","No conditional logic, exceptions, or nested provisions","Flat fee structure with only two distinct charge amounts","Named payer list rather than descriptive criteria"],"plain_english_summary":"This instrument sets APRA’s fees for banks using the models‑based approach to calculate regulatory capital, covering assessment and ongoing supervision. It charges ANZ, Commonwealth Bank, NAB, Westpac, Macquarie and ING $290,400 each (incl. GST) and Bendigo and Adelaide Bank $45,100.\n\nFees are non‑refundable and payable 14 days after invoicing; the instrument took effect on registration."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument confines itself to fixing charges for assessment and supervision under the models‑based capital approach for the 2020–21 year for the specified ADIs. It does not alter APRA’s supervisory powers or expand the set of services; it only sets fees, GST treatment, refund status, payers and payment timing as recorded in the Schedule."},"complexity_factors":["Straightforward fee schedule with fixed dollar amounts ($290,400 and $45,100 inclusive of GST).","Charges are non‑refundable (explicitly stated).","Payers are explicitly named ADIs (list in Schedule).","Payment timing is simple: 14 days after APRA invoice; invoice may be issued any time after instrument registration.","Legal authority stated: paragraph 51(1)(a) and (b) of the Australian Prudential Regulation Authority Act 1998.","Commencement is the registration date under the Legislation Act 2003.","Limited scope (single financial year, models‑based capital adequacy services)."],"plain_english_summary":"**What this does:** This instrument sets APRA's fees for assessing applications and for ongoing supervision of authorised deposit‑taking institutions (ADIs) under the models‑based capital adequacy approach for 2020–21. It fixes specific, GST‑inclusive, non‑refundable charges for named ADIs and sets payment timing (14 days after APRA’s invoice). \n\n**Who pays and why it matters:** The listed ADIs (ANZ, CBA, NAB, Westpac, Macquarie, ING, and Bendigo & Adelaide) must pay these administrative charges, imposing a direct compliance cost and a predictable invoicing schedule."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2021","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2021/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2021/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2021/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2021/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2021/documents"}}