{"id":"F2019L00832","name":"Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2019","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2019","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":99455,"registerId":"commonwealth-F2019L00832-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. 2 of 2019","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 2 of 2019\n\nModels-based capital adequacy requirements for ADIs for the financial year 2018\\-19\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: 11 June 2019\n\n\\[Signed\\]\n\nStephen Brian Matthews\n\nExecutive General Manager\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.

$224,400

(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.

$110,000

(inclusive of GST)

This charge is non-refundable.

  • Bendigo and Adelaide Bank Limited
  • Suncorp-Metway 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 intended by its enabling legislation: fixing specific charges for specific regulatory services. It has not expanded beyond its original purpose of setting fees for APRA's supervision of model-based capital adequacy approaches."},"complexity_factors":["Very short instrument (approximately 1 page of substantive content)","Only 2 defined terms (ADI and APRA)","Simple tabular structure with 4 clear columns","No cross-references to other legislation beyond the enabling Act","No conditional logic, exceptions, or nested provisions","Straightforward fee structure with only two distinct charge amounts","Flat fee structure—no calculations or variable components"],"plain_english_summary":"This instrument sets fees APRA will charge eight named banks for assessing and supervising their use of internal \"models‑based\" capital approaches in 2018–19. Banks pay tiered, non‑refundable amounts (higher for the big four and two mid‑sized banks, lower for two smaller banks); charges include GST and are payable within 14 days of APRA's invoice.\n\nIt matters because these fees fund APRA’s oversight of complex risk models, reflecting greater supervisory effort for larger, more complex institutions."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument does not change the statutory scope of APRA’s charging powers. It exercises paragraph 51(1)(a) and (b) of the APRA Act to set the amounts, identify the ADIs required to pay, specify GST treatment and non‑refundability, and fix payment timing for the 2018–19 models‑based supervision service."},"complexity_factors":["Uses APRA’s charging power under paragraph 51(1)(a) and (b) of the Australian Prudential Regulation Authority Act 1998 (explicit legal source).","Names specific ADIs as payers rather than applying a formula to all ADIs (concentrated payee list).","Two distinct fee tiers ($224,400 and $110,000), GST‑inclusive and stated as non‑refundable.","Payment timing: 14 days after receipt of APRA’s invoice; invoice may be issued at any time after registration (administrative discretion on billing date).","Defined term usage: ‘ADI’ referenced to section 5 of the Banking Act 1959 (cross‑statutory definition).","Commencement tied to registration on the Federal Register of Legislation under the Legislation Act 2003 (formal commencement condition).","Document is a schedule-style instrument with limited text — low statutory complexity but concrete compliance implications for named entities."],"plain_english_summary":"This instrument fixes specific fees APRA will charge certain authorised deposit‑taking institutions (ADIs) for assessment and ongoing supervision under the models‑based capital adequacy approach for 2018–19. It names the ADIs, sets two GST‑inclusive, non‑refundable amounts ($224,400 and $110,000), and requires payment within 14 days of APRA’s invoice."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2019","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2019/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2019/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2019/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2019/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2019/documents"}}