{"id":"F2023L00836","name":"Australian Prudential Regulation Authority instrument fixing charges No. 1 of 2023","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2023","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":104542,"registerId":"commonwealth-F2023L00836-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 2023","content":"![Commonwealth Coat of Arms](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 1 of 2023\n\nModels-based capital adequacy requirements for ADIs for the financial year 2022-23\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: 21 June 2023\n\nStephen Brian Matthews\n\nChief Operating Officer\n\nEnterprise Services\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.

$520,135

(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

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.

$416,108

(inclusive of GST)

This charge is ­non-refundable.

  • Macquarie Bank Limited
  • ING Bank (Australia) Limited

$59,444

(inclusive of GST)

This charge is non-refundable.

  • Bendigo and Adelaide Bank Limited
\n```","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function intended by section 51 of the APRA Act — fixing charges for services provided by APRA. It has not expanded beyond its original purpose."},"complexity_factors":["Only 2 defined terms (ADI and APRA)","Single purpose instrument with no conditional logic or exceptions","Straightforward tabular structure with 4 columns of information","No cross-references to other legislation beyond the enabling Act","No operative provisions beyond the charging mechanism itself","Extremely short — essentially a fee schedule with minimal legislative machinery"],"plain_english_summary":"APRA has issued a fee-setting instrument charging major Australian banks that use the models-based approach to calculate regulatory capital, to recover APRA’s costs for model assessment and supervision. It applies to 2022–23, is non‑refundable and payable within 14 days, and sets tiered single‑year fees (Big Four about $520k; Macquarie/ING ~$416k; Bendigo & Adelaide ~$59k)."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument simply fixes specified charges for APRA’s assessment and supervision of named ADIs under the models‑based approach for 2022–23. It does not expand APRA’s regulatory powers, add new types of regulated entities, or alter the classes of services charged beyond what the instrument states."},"complexity_factors":["Narrow subject matter: fixes fees for a specific supervisory activity (models‑based capital adequacy) for a single financial year.","Prescriptive figures: lists specific dollar amounts and named payers, reducing legislative ambiguity.","Legal authorisation: made by an APRA delegate under paragraph 51(1)(a) and (b) of the APRA Act (delegated power required to fix charges).","Payment mechanics: includes timing rule (14 days after invoice) and grants APRA discretion over invoice timing (invoice may be issued any time after registration).","Payment terms: fees are stated as GST‑inclusive and non‑refundable, which affects payer cashflow and accounting treatment.","Commencement: instrument commences on registration under the Legislation Act 2003 (administrative timing detail)."],"plain_english_summary":"This instrument fixes one-off, GST‑inclusive, non‑refundable fees that APRA will charge certain authorised deposit‑taking institutions (ADIs) for assessment and ongoing supervision under the models‑based capital adequacy approach for the 2022–23 year. It lists four high‑tier banks and three other ADIs, specifies the dollar amounts each must pay, and sets payment as 14 days after APRA’s invoice (which APRA may issue any time after registration). Who pays: the named ADIs. Who decides: an APRA delegate under the APRA Act."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2023","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2023/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2023/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2023/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2023/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-1-of-2023/documents"}}