{"id":"F2025L00742","name":"Australian Prudential Regulation Authority instrument fixing charges No.2 of 2025","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2025","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":106501,"registerId":"commonwealth-F2025L00742-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 2025","content":"![Commonwealth Coat of Arms](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No.2 of 2025\n\nModels-based capital adequacy requirements for ADIs for the financial year 2024-25\n\nAustralian Prudential Regulation Authority Act 1998\n\nI, Clare Gibney, 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: 23 June 2025\n\nClare Gibney\n\nExecutive Director\n\nChief of Staff & Enterprise Services Division\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\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.

$609,000

(exclusive of GST)

This charge is ­non-refundable.

  • Australia and New Zealand Banking Group Limited ABN 11 005 357 522
  • Commonwealth Bank of Australia ABN 48 123 123 124
  • National Australia Bank Limited ABN 12 004 044 937
  • Westpac Banking Corporation ABN 33 007 457 141

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.

$449,000

(exclusive of GST)

This charge is ­non-refundable.

  • Macquarie Bank Limited ABN 46 008 583 542

$257,000

(exclusive of GST)

This charge is ­non-refundable.

  • ING Bank (Australia) Limited ABN 24 000 893 292

$65,000

(exclusive of GST)

This charge is non-refundable.

  • Bendigo and Adelaide Bank Limited ABN 11 068 049 178
\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 section 51 of the Australian Prudential Regulation Authority Act 1998 — fixing charges for APRA services. It has not expanded beyond this narrow cost-recovery purpose."},"complexity_factors":["Only 2 defined terms in the interpretation section (ADI and APRA)","Single purpose instrument: 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","Straightforward administrative mechanism with no substantive regulatory requirements"],"plain_english_summary":"This instrument sets the fees APRA will charge six banks that use the models‑based approach to calculate regulatory capital, recovering the regulator’s cost of assessing and supervising those internal risk models. Affected banks and charges: ANZ, Commonwealth Bank, NAB, Westpac ($609,000 each); Macquarie ($449,000); ING ($257,000); Bendigo and Adelaide Bank ($65,000). Fees are non‑refundable and payable within 14 days of invoice."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The instrument does not expand APRA’s supervisory powers; it only fixes fees for specified services and named ADIs for 2024–25 as authorised by paragraph 51(1)(a) and (b) of the APRA Act. It alters who pays and how much (the Schedule) and sets billing timing, but does not change the substantive regulatory scope or introduce new regulatory duties."},"complexity_factors":["Legal authority: made under paragraph 51(1)(a) and (b) of the Australian Prudential Regulation Authority Act 1998—clear statutory basis for fixing charges.","Targeting and specificity: Schedule names individual ADIs (ANZ, CBA, NAB, Westpac, Macquarie, ING, Bendigo) with different fixed amounts rather than a uniform tariff, increasing administrative detail.","Payment mechanics: charges are non-refundable, GST‑exclusive, and payable 14 days after receipt of APRA’s invoice (Schedule Column 4).","Timing discretion: invoice “may be issued at any time after the date of this instrument,” giving APRA flexibility on billing timing (Schedule Column 4).","Temporal scope: applies to the financial year 2024–25 and to services described as assessment and ongoing supervision under the models-based approach (instrument title and Schedule).","Document/format complexity: the operative charges are embedded in a detailed Schedule (HTML table), requiring careful mapping to entities and amounts.","Compliance burden: named ADIs must pay fixed sums irrespective of service utilisation (Schedule entries state non-refundable), concentrating cost on listed institutions."],"plain_english_summary":"This instrument fixes specific fees that APRA will charge named authorised deposit-taking institutions (ADIs) for assessment and ongoing supervision under APRA’s models-based capital adequacy approach for the 2024–25 year. It lists each ADI, sets non‑refundable, GST‑exclusive amounts, and requires payment 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 and commences on registration."},"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-2025","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2025/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2025/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2025/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2025/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-2-of-2025/documents"}}