{"id":"F2018L00859","name":"Australian Prudential Regulation Authority instrument fixing charges No. 6 of 2018","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-6-of-2018","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":97533,"registerId":"commonwealth-F2018L00859-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. 6 of 2018","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 6 of 2018\n\nModels-based capital adequacy requirements for ADIs for the financial year 2017-18\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: 20 June 2018\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.

$305,800

(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.

$123,200

(inclusive of GST)

This charge is non-refundable.

  • ING Bank (Australia) Limited
  • 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 serves its original narrow purpose: fixing specific charges for a discrete regulatory service (models-based capital adequacy supervision) for a single financial year. There is no evidence of scope creep; it precisely targets the intended banks and service type without expanding into broader fee-setting or regulatory functions."},"complexity_factors":["Only 2 defined terms (ADI and APRA)","Single purpose instrument with no conditional logic or exceptions","Straightforward fee table with 4 columns covering service description, amount, payer, and payment timing","No cross-references to other legislation beyond the empowering provision (APRA Act 1998, section 51)","Fixed dollar amounts with no calculation formulas or variable components","Limited to specific named entities (8 banks total) rather than general application rules"],"plain_english_summary":"APRA sets fees for 2017–18 to charge banks that use internal, models-based approaches to calculate regulatory capital, recovering the costs of application assessment and ongoing supervision.\n\nFees: $305,800 (incl. GST, non-refundable) each for ANZ, Commonwealth Bank, NAB, Westpac and Macquarie; $123,200 each for ING, Bendigo and Adelaide Bank, and Suncorp-Metway—allocating intensive supervisory costs to the banks that benefit from model-based capital calculations."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The instrument exercises APRA’s statutory power to fix charges for specified services for 2017–18 and names the affected ADIs. It does not expand APRA’s regulatory remit or alter the underlying statutory definitions; it simply sets fixed fees, payment timing, GST treatment, and refund status for those services and entities under the models‑based approach."},"complexity_factors":["Instrument is narrowly prescriptive: fixed monetary amounts tied to specified services (assessment and ongoing supervision) rather than formulaic levies.","Charges are linked to specifically named ADIs (concentrated set of payers), requiring accurate identification of legal entities (ANZ, CBA, NAB, Westpac, Macquarie, ING Australia, Bendigo & Adelaide, Suncorp).","GST treatment is specified (amounts inclusive of GST) and charges are declared non‑refundable, affecting accounting and tax treatment for payers.","Timing and administrative discretion: APRA may issue the invoice at any time after registration; payment due 14 days after invoice creates short payment window and operational cashflow impact.","Legal framing/references: exercise of delegated power under s.51(1)(a) & (b) of the APRA Act and reliance on the defined term ‘ADI’ in the Banking Act introduces cross‑statute interpretive points.","Commencement tied to registration under the Legislation Act 2003, so the effective date depends on administrative registration timing."],"plain_english_summary":"**What this instrument does:** Fixes APRA fees for assessment and ongoing supervision of authorised deposit‑taking institutions (ADIs) using the models‑based capital adequacy approach for the 2017–18 year. It lists fixed, GST‑inclusive, non‑refundable charges payable by named ADIs and requires payment within 14 days of APRA’s invoice. **Who it affects and why it matters:** The named banks and ADIs pay the specified amounts to fund APRA’s models‑based assessment and supervision activities, shifting the direct administrative cost onto those firms."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-6-of-2018","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-6-of-2018/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-6-of-2018/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-6-of-2018/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-6-of-2018/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-6-of-2018/documents"}}