{"id":"F2022L00901","name":"Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2022","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2022","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":102509,"registerId":"commonwealth-F2022L00901-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 2022","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 2 of 2022\n\nModels-based capital adequacy requirements for ADIs for the financial year 2021-22\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: 28 June 2022\n\n\\[Signed\\]\n\nStephen Brian Matthews\n\nExecutive Director, Enterprise 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.

$486,200

(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.

$82,500

(inclusive of GST)

This charge is non-refundable.

  • Bendigo and Adelaide Bank Limited
\n```","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function intended by its enabling provision (section 51 of the APRA Act) — fixing charges for specific regulatory services. It has not expanded beyond its original purpose."},"complexity_factors":["Very short document (under 500 words)","Only 2 defined terms (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 clear columns","No conditional logic, exceptions, or nested provisions"],"plain_english_summary":"APRA imposes user-pays fees on banks that use the models-based approach to calculate regulatory capital, covering APRA’s assessment and ongoing supervision costs for the 2021–22 year.\n\nSix major banks each pay $486,200 and Bendigo and Adelaide Bank pays $82,500; fees include GST, are non‑refundable, and are due 14 days after invoicing."},"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"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument does not expand APRA’s regulatory powers or alter which activities are regulated. It exercises APRA’s existing power to fix charges by specifying amounts, beneficiaries (APRA), timing, and named ADIs for the 2021–22 models‑based supervision service (instrument preamble; Schedule)."},"complexity_factors":["Narrow, focused subject‑matter: fixes charges only for models‑based capital adequacy supervision for 2021–22 (Schedule).","Small number of named payers: specific ADIs listed in the Schedule (Schedule, Column 3).","Fixed monetary amounts stated in the Schedule ($486,200 and $82,500, GST inclusive) and labelled non‑refundable (Schedule, Column 2).","Statutory basis is straightforward: exercise of APRA’s power under paragraph 51(1)(a) and (b) of the APRA Act (instrument preamble).","Simple payment mechanics: invoice timing and payment due 14 days after receipt; APRA may issue invoice any time after registration (Schedule, Column 4).","Administrative detail only: commencement tied to registration under the Legislation Act 2003 (instrument)."],"plain_english_summary":"This instrument fixes 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 2021–22 year. It names the ADIs required to pay, sets GST‑inclusive, non‑refundable amounts, and requires payment within 14 days of APRA’s invoice.\n\nMechanically, it imposes a direct, time‑limited cost on the listed banks and gives APRA the ability to issue invoices at any time after registration of the instrument."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2022","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2022/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2022/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2022/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2022/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2022/documents"}}