{"id":"F2016L01043","name":"Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2016","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2016","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":129336,"registerId":"commonwealth-F2016L01043-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. 2 of 2016","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 2 of 2016\n\nModels-based capital adequacy requirements for ADIs for the financial year 2015-16\n\nAustralian Prudential Regulation Authority Act 1998\n\nI, Steve 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: 16 June 2016\n\n\\[Signed\\]\n\nSteve Matthews\n\nExecutive General Manager (Corporate)\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.

$377,385

(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

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.

$188,692

(inclusive of GST)

This charge is non-refundable and is payable whether or not the ADI eventually obtains approval for the use of a models-based approach.

  • ING Bank (Australia) Limited
  • Bendigo and Adelaide Bank Limited
  • Suncorp-Metway Limited
\n```","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function its title suggests—fixing charges for a specific supervisory service. It has not expanded beyond its original purpose of setting fees for models-based capital adequacy supervision."},"complexity_factors":["Very short document (under 2 pages)","Only 2 defined terms in the interpretation section (ADI and APRA)","Single purpose: fixing specific dollar amounts for specific entities","No cross-references to other legislation beyond the enabling Act","Simple tabular structure with 4 columns covering service, amount, payer, and timing","No conditional logic, exceptions, or nested provisions"],"plain_english_summary":"This APRA fee instrument imposes non‑refundable charges for banks seeking to use an internal, models‑based approach to calculate capital requirements and for ongoing supervision. It sets a higher fee (AUD 377,385 incl. GST) for the Big Four plus Macquarie and a lower fee (AUD 188,692 incl. GST) for three smaller banks; payment is due 14 days after invoicing. It funds APRA’s assessment/supervision and reflects greater supervisory effort for larger institutions."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument does not expand APRA’s statutory remit. It simply fixes and allocates specific charges for the models‑based assessment and ongoing supervision of listed ADIs for the 2015–16 year, exercising the charging power under paragraph 51(1)(a) and (b) of the APRA Act as stated in the instrument."},"complexity_factors":["Delegated exercise of charging power under paragraph 51(1)(a) and (b) of the APRA Act (instrument preamble).","Detailed schedule that names specific ADIs as payers and assigns two discrete fee levels (schedule table).","Non‑refundability and explicit statement that one fee is payable whether or not approval is granted (schedule entries).","Payment timing and invoicing rule: payable 14 days after APRA’s invoice; invoice may be issued any time after registration (schedule).","Fees stated GST‑inclusive (schedule entries).","Commencement linked to registration on the Federal Register of Legislation (instrument commencement clause)."],"plain_english_summary":"This instrument fixes specific APRA charges for assessing and supervising authorised deposit‑taking institutions (ADIs) using a models‑based capital approach for the 2015–16 financial year. It names the ADIs required to pay and sets two fixed, GST‑inclusive fees ($377,385 and $188,692). The fees are non‑refundable and must be paid 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."},"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"}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2016","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2016/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2016/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2016/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2016/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2016/documents"}}