{"id":"F2020L00680","name":"Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2020","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2020","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":100151,"registerId":"commonwealth-F2020L00680-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 2020","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 2 of 2020\n\nApproval of ADIs’ applications with respect to the RBA’s Committed Liquidity Facility - Calendar Year 2019\n\nAustralian Prudential Regulation Authority Act 1998\n\nI, Stephen Brian Matthews, a delegate of APRA, under paragraphs 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, and applications made to, 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.008.png)![](image.007.png)![](image.006.png)![](image.005.png)![](image.004.png)![](image.003.png)![](image.002.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\nRBA means the Reserve Bank of Australia\n\n \nSchedule of charges\n\nReview of applications made to APRA under Attachment A, paragraph 17 of Prudential Standard APS 210 – Liquidity\n\n```html\n

Column 1

Nature of services and applications for which the charge is imposed

Column 2

Amount of the charge[1] [2] [3]

Column 3

Person required to pay the charge

Column 4

When the charge is to be paid

Review of applications made to APRA under Attachment A, paragraph 17 of Prudential Standard APS 210 – Liquidity made under subsection 11AF(1) of the Banking Act 1959 and assessment and determination of appropriate size of Committed Liquidity Facility (CLF) sought by ADIs and offered by the RBA.

$11,000

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “10 or less”

14 days after receipt of APRA’s invoice for the charge.

The invoice may be issued at any time after this instrument commences.

$16,500

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “between 11 and 15 (inclusive)”

$33,000

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “between 16 and 30 (inclusive)”

$88,000

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “between 31 and 80 (inclusive)”
\n```\n\n \n\nReview of applications made to APRA under Attachment A, paragraph 19 of Prudential Standard APS 210 – Liquidity\n\n```html\n

Column 1

Nature of services and applications for which the charge is imposed

Column 2

Amount of the charge[4] [5] [6]

Column 3

Person required to pay the charge

Column 4

When the charge is to be paid

Review of applications made to APRA under Attachment A, paragraph 19 of Prudential Standard APS 210 – Liquidity made under subsection 11AF(1) of the Banking Act 1959 and assessment and determination of appropriate size of Committed Liquidity Facility (CLF) sought by ADIs and offered by the RBA.

$11,000

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “10 or less”

14 days after receipt of APRA’s invoice for the charge.

The invoice may be issued at any time after this instrument commences.

$16,500

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “between 11 and 15 (inclusive)”

$33,000

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “between 16 and 30 (inclusive)”

$88,000

  • Payable by ADIs where the number of APRA days assessing the size of the CLF that may be recognised for LCR purposes is estimated to be “between 31 and 80 (inclusive)”
\n```\n\n---\n\n[\\[1\\]](#_ftnref1) Inclusive of GST.\n\n[\\[2\\]](#_ftnref2) Charge per entity.\n\n[\\[3\\]](#_ftnref3) Non-refundable and payable whether or not the ADI obtains approval.\n\n[\\[4\\]](#_ftnref4) Inclusive of GST.\n\n[\\[5\\]](#_ftnref5) Charge per entity.\n\n[\\[6\\]](#_ftnref6) Non-refundable and payable whether or not the ADI obtains approval.","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument remains tightly scoped to its original purpose: fixing charges for CLF application assessments. It does not expand beyond the fee-setting function authorised by paragraphs 51(1)(a) and (b) of the Australian Prudential Regulation Authority Act 1998."},"complexity_factors":["Very short instrument (approximately 2 pages of substantive content)","Only 3 defined terms (ADI, APRA, RBA)","Simple tabular structure with four fee tiers based on a single variable (estimated assessment days)","No cross-references to other legislation beyond the enabling Act and Banking Act 1959","No conditional logic, exceptions, or nested provisions","Straightforward payment trigger (14 days post-invoice)"],"plain_english_summary":"This APRA instrument sets the fees ADIs must pay when applying for access to the RBA’s Committed Liquidity Facility for 2019, using four tiers tied to expected assessment time (from simple to very complex). Fees are per entity, include GST, are non‑refundable, and invoice payment is due 14 days after issuance.\n\nIt matters because it allocates the cost of APRA’s CLF assessment to applying ADIs, supporting Australia’s liquidity‑safety framework by funding prudential oversight rather than taxpayers."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument confines itself to fixing fees for APRA’s review of ADIs’ CLF-related applications (APS 210 Attachment A, paras 17 and 19) for the relevant period. It does not broaden APRA’s powers or add new regulatory requirements; it merely sets the dollar amounts, GST treatment, invoicing timing and non-refundable character of the existing application process. In that sense, it stays within the original administrative scope (recovering APRA’s review costs) and does not materially change the subject-matter or expand the legislative remit."},"complexity_factors":["Short instrument (single-page schedule plus brief signature and interpretation)","3 defined terms in the Interpretation section (ADI, APRA, RBA)","Two specific cross-references to Prudential Standard APS 210 (Attachment A, paras 17 and 19) and one to the Banking Act (subsection 11AF(1))","Four fee tiers with simple numeric thresholds determined by APRA’s estimated number of assessment days","Footnotes specifying GST inclusive, per-entity charging, and non-refundability (simple conditional notes)","Single payment timing rule (invoice payable within 14 days)"],"plain_english_summary":"**What this instrument does (mechanically)**\n\n- An APRA delegate (Stephen Brian Matthews) sets fixed application fees that authorised deposit-taking institutions (ADIs) must pay when APRA reviews applications relating to the Reserve Bank of Australia’s (RBA) Committed Liquidity Facility (CLF). The power to fix charges is exercised under paragraphs 51(1)(a) and (b) of the Australian Prudential Regulation Authority Act 1998 (APRA Act).\n\n- The fees apply to two categories of APRA review tied to Prudential Standard APS 210 – Liquidity (specifically Attachment A, paragraphs 17 and 19). Those provisions govern applications by ADIs for recognition of CLF arrangements for Liquidity Coverage Ratio (LCR) purposes.\n\n- Fees are fixed in four tiered amounts based on APRA’s estimate of the number of APRA days that will be required to assess the application: $11,000; $16,500; $33,000; and $88,000 (amounts are per entity and inclusive of GST). APRA issues an invoice and the ADI must pay within 14 days of receipt (see Schedule and footnotes).\n\n- The fees are non-refundable and must be paid whether or not the ADI ultimately receives APRA approval.\n\n**Who this affects**\n\n- Primary payers: ADIs (as defined in section 5 of the Banking Act 1959). The charge is levied per entity.\n- Decision-maker: APRA (the delegate fixes the amounts and APRA estimates the assessment effort in APRA days that determines the correct fee tier).\n\n**Why it matters (official purpose, then practical effects)**\n\n- Official rationale: the instrument implements a charging arrangement so APRA recovers the cost of reviewing CLF applications and determining the appropriate CLF size that can be recognised for LCR purposes (this is the express subject-matter of the Schedule).\n\n- Practical effects and incentives:\n - ADIs that apply for CLF recognition face a predictable, tiered upfront charge that depends on APRA’s estimated assessment workload. This creates a direct application cost per ADI (concentrated on the applicant ADI).\n - Because the fee is non-refundable, applicants bear the full application-cost risk even if APRA declines to recognise the CLF or imposes conditions.\n - APRA’s estimate of the number of assessment days determines which fee tier applies, so APRA’s internal assessment of likely effort drives the price signal to applicants. That gives APRA a point of operational discretion (the Schedule sets fixed dollar amounts but not a formula for converting assessment effort into the chosen tier).\n - The fee may influence ADIs’ choices about whether, when, and how to apply for CLF recognition (for example, smaller ADIs or those with marginal cases face a fixed upfront cost to proceed).\n\n**Operational details and constraints**\n\n- The instrument commences on registration under the Legislation Act 2003; APRA may issue invoices any time after commencement.\n- Invoices are payable within 14 days of receipt.\n- Each fee entry is explicitly: inclusive of GST, charged per entity, and non-refundable (footnotes in the Schedule).\n- Cross-references: the charged services are reviews under Attachment A, para 17 and para 19 of Prudential Standard APS 210 – Liquidity, made under subsection 11AF(1) of the Banking Act 1959.\n\n**Costs, trade-offs and implementation risks**\n\n- Who pays: the applicant ADI pays the full charge per entity and must do so regardless of outcome (non-refundable). That concentrates costs on applicants.\n- Administrative discretion: APRA’s estimate of assessment days (used to pick the tier) is an administrative input that can affect fee level; the instrument does not set a public method or appeal mechanism for how the estimate is produced or challenged.\n- Compliance burden: fixed, upfront fees reduce uncertainty about total APRA processing costs but increase upfront cash cost to ADIs seeking CLF recognition.\n- Opportunity cost: ADIs must weigh the fee against expected benefits of CLF recognition for LCR reporting; the non-refundable nature shifts downside risk to applicants.\n- Budget and charging clarity: fees are simple, tiered and fixed amounts which simplifies APRA’s billing and ADIs’ budgeting for the application process; GST treatment and payment timing are specified.\n\n**Where to look in the instrument for details**\n\n- Authority and signature: paragraphs 51(1)(a) and (b) of the APRA Act, and the delegate’s signature block.\n- Definitions: “ADI”, “APRA”, and “RBA” are defined in the Interpretation section.\n- Fee mechanics and amounts: Schedule of charges (two rows for Attachment A, para 17 and para 19 of APS 210) and the footnotes clarifying GST, per-entity basis and non-refundability."},"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"}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2020","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2020/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2020/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2020/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2020/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2020/documents"}}