{"id":"F2018L00860","name":"Australian Prudential Regulation Authority instrument fixing charges No. 7 of 2018","slug":"australian-prudential-regulation-authority-instrument-fixing-charges-no-7-of-2018","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":97535,"registerId":"commonwealth-F2018L00860-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. 7 of 2018","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority instrument fixing charges No. 7 of 2018\n\nApproval of ADIs’ applications with respect to the RBA’s Committed Liquidity Facility - Calendar Year 2017\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: 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\nRBA means the Reserve Bank of Australia\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[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 16 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 CLF access applications 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 CLF access applications is estimated to be “between 11 and 15 (inclusive)”

$33,000

  • Payable by ADIs where the number of APRA days assessing CLF access applications is estimated to be “between 16 and 30 (inclusive)”

$88,000

  • Payable by ADIs where the number of APRA days assessing CLF access applications 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.","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"},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument does not expand APRA’s regulatory powers. It solely fixes specific fee amounts and payment terms for APRA’s assessment of ADIs’ CLF access applications for calendar year 2017 (linked to APS 210 and the Banking Act references). It does not alter eligibility, substance, or procedures for CLF access beyond setting charges, nor does it extend temporal or substantive scope beyond the stated year."},"complexity_factors":["Tiered flat fees with four bands ($11,000; $16,500; $33,000; $88,000) based on APRA’s estimated number of assessment days (introduces discrete thresholds and potential edge‑case disputes).","APRA delegate authority invoked under APRA Act paragraphs 51(1)(a) and (b) — legal basis is straightforward but requires reference to delegated power.","Service tied to Attachment A, paragraph 16 of Prudential Standard APS 210 made under subsection 11AF(1) of the Banking Act 1959 — cross‑references increase interpretive steps for implementers.","Charges are non‑refundable and payable per entity (footnotes [2] and [3]) — creates clear cash cost and no refund mechanism.","GST inclusion (footnote [1]) affects invoicing and accounting treatment.","Payment timing: payable 14 days after APRA’s invoice, and APRA may issue the invoice at any time after commencement — administrative timing flex introduces cash‑flow and planning issues for ADIs.","Instrument limited to calendar year 2017 and commences on registration under the Legislation Act 2003 — narrow temporal scope reduces ongoing complexity but requires entity tracking.","Operational discretion in APRA’s estimate of assessment days could affect which fee applies; potential for disputes over categorisation."],"plain_english_summary":"This instrument fixes the fees APRA charges authorised deposit‑taking institutions (ADIs) for APRA’s review of applications under Prudential Standard APS 210 for access to the Reserve Bank’s Committed Liquidity Facility (CLF) for calendar year 2017. Fees are tiered by APRA’s estimated number of assessment days, are non‑refundable, GST‑inclusive, charged per entity and payable within 14 days of APRA’s invoice. It matters because ADIs seeking CLF access must pay these set application fees whether or not approval is granted."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function suggested by its title: fixing charges for a specific APRA service. It has not expanded beyond its original purpose of cost recovery for CLF application assessments."},"complexity_factors":["Very short instrument (approximately 1 page of substantive content)","Only 3 defined terms (ADI, APRA, RBA)","Simple tabular structure with 4 fee tiers based on a single variable (estimated assessment days)","No cross-references to other legislation beyond naming the enabling Act and prudential standard","No conditional logic, exceptions, or nested provisions","Straightforward payment terms (single trigger: 14 days post-invoice)"],"plain_english_summary":"This APRA fee instrument sets four tiered, GST‑inclusive, non‑refundable charges (ranging $11,000–$88,000) for 2017 for each authorised deposit‑taking institution applying to access the Reserve Bank’s Committed Liquidity Facility, based on expected assessment effort.\n\nIt affects banks, credit unions and building societies using the CLF and recovers APRA’s costs assessing eligibility and limits; invoices are payable 14 days after issue."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-7-of-2018","history":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-7-of-2018/history","analysis":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-7-of-2018/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-7-of-2018/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-7-of-2018/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-instrument-fixing-charges-no-7-of-2018/documents"}}