{"id":"F2025L00791","name":"Australian Prudential Regulation Authority Supervisory Levies Determination 2025","slug":"australian-prudential-regulation-authority-supervisory-levies-determination-2025","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":442874,"registerId":"F2025L00791-fast-fetch-1775957798773","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Australian Prudential Regulation Authority Supervisory Levies Determination 2025","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: 250507_LI_TSY-47-1068_PW_APRA_Supervisory_Levies_master\n---\n\n![Commonwealth Coat of Arms of Australia](image.001.jpeg)\n\n \n\nAustralian Prudential Regulation Authority Supervisory Levies Determination 2025\n\nI, Daniel Mulino, Assistant Treasurer and Minister for Financial Services, make the following determination.\n\nDated   26  June  2025\n\n \n\nDr Daniel Mulino\n\nAssistant Treasurer  Minister for Financial Services\n\n \n\n \n\n \n\n \n\nContents\n\nPart 1—Preliminary\n\n1‑1.............................................Name\n\n1‑2.......................................Commencement\n\n1‑3...........................................Authority\n\n1‑4...........................................Schedule\n\n1‑5.........................................Interpretation\n\n1‑6.....................................Reporting Standards\n\nPart 2—Australian Prudential Regulation Authority (Commonwealth costs)\n\n2‑1..........................................Definitions\n\n2‑2....................................Commonwealth costs\n\n2‑3.........................Proportion of levy money paid to APRA\n\nPart 3—Authorised deposit-taking institutions supervisory levy\n\n3‑1..........................................Definitions\n\n3‑2.......................................Amount of levy\n\n3‑3.......................................ADI’s levy base\n\nPart 4—Authorised non-operating holding companies supervisory levy\n\n4‑1..........................................Definitions\n\n4‑2.......................................Amount of levy\n\nPart 5—General insurance supervisory levy\n\n5‑1..........................................Definitions\n\n5‑2.....................................General component\n\n5‑3.........................General insurance company’s levy base\n\n5‑4.....................................Special component\n\n5‑5............Eligible premium income for working out special component\n\nPart 6—Life insurance supervisory levy\n\n6‑1..........................................Definitions\n\n6‑2.......................................Amount of levy\n\n6‑3...........................Life insurance company’s levy base\n\nPart 7—Private health insurance supervisory levy\n\n7‑1..........................................Definitions\n\n7‑2................................Amount of supervisory levy\n\n7‑3.....................Amount of supervisory levy for a single policy\n\n7‑4..........................................Census day\n\nPart 8—Retirement savings account providers supervisory levy\n\n8‑1..........................................Definitions\n\n8‑2.......................................Amount of levy\n\n8‑3.................................RSA provider’s levy base\n\nPart 9—Superannuation supervisory levy\n\n9‑1..........................................Definitions\n\n9‑2.......................................Amount of levy\n\n9‑3.............................Superannuation entity’s levy base\n\nSchedule 1—Repeals\n\nAustralian Prudential Regulation Authority Supervisory Levies Determination 2024\n\n \n\nPart 1—Preliminary\n\n \n\n1‑1  Name\n\n  This instrument is the Australian Prudential Regulation Authority Supervisory Levies Determination 2025.\n\n1‑2  Commencement\n\n (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.\n\n \n\n- Commencement information\n- Column 1 Column 2 Column 3\n- Provisions Commencement Date/Details\n- 1. The whole of this instrument 1 July 2025.\n\n\nNote: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.\n\n (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.\n\n1‑3  Authority\n\n  This determination is made under the following:\n\n (a) the Australian Prudential Regulation Authority Act 1998; and\n\n (b) the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998; and\n\n (c) the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998; and\n\n (d) the General Insurance Supervisory Levy Imposition Act 1998; and\n\n (e) the Life Insurance Supervisory Levy Imposition Act 1998; and\n\n (f) the Private Health Insurance Supervisory Levy Imposition Act 2015; and\n\n (g) the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998; and\n\n (h) the Superannuation Supervisory Levy Imposition Act 1998.\n\n1‑4  Schedule\n\n  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.\n\n1‑5  Interpretation\n\n (1) An expression in a provision of a Part of this instrument has the same meaning as in the Act defined in that Part as the Act.\n\n (2) In this instrument:\n\nADI means an authorised deposit‑taking institution within the meaning of the Banking Act 1959.\n\nAPRA means the Australian Prudential Regulation Authority.\n\ncurrent financial year means the financial year commencing on 1 July 2025.\n\nforeign ADI has the meaning given by section 5 of the Banking Act 1959.\n\nprevious calendar year means the last calendar year that ended before the start of the current financial year.\n\nreporting period, in relation to a Reporting Standard, means a reporting period within the meaning of the Reporting Standard.\n\nReporting Standard: see section 1‑6.\n\nRSA means a retirement savings account within the meaning given by section 8 of the Retirement Savings Accounts Act 1997.\n\n (3) In this instrument, a reference to a period from a specified day to another specified day includes both days.\n\n1‑6  Reporting Standards\n\n (1) If a provision (the referring provision) of this instrument refers, in relation to a day, to a Reporting Standard with a particular identifier, the referring provision is to be taken to refer to the version of the Reporting Standard with that identifier that:\n\n (a) applied to a reporting period (within the meaning of that version of the Reporting Standard) that ended on that day, or that included that day, as the case requires; and\n\n (b) so applied because of a reporting standard determined under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nExample: Reporting Standard GRS 300.0 Statement of Financial Position.\n\n (2) However, if no version of that Reporting Standard applies to such a reporting period because that Reporting Standard has been replaced by a Reporting Standard with a different identifier:\n\n (a) subsection (1) applies as if the referring provision referred instead, in relation to that day, to the Reporting Standard with the different identifier; and\n\n (b) if the referring provision also refers to particular material in the Reporting Standard that has been replaced, it is taken to refer instead to the corresponding material in the applicable version of the Reporting Standard with the different identifier.\n\n (3) In this section:\n\nidentifier means a combination of letters and numbers (with or without punctuation marks, and whether or not followed by a title).\n\nPart 2—Australian Prudential Regulation Authority (Commonwealth costs)\n\n \n\n2‑1  Definitions\n\n (1) In this Part:\n\nthe Act means the Australian Prudential Regulation Authority Act 1998.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\n (2) An expression used in this Part has the meaning given by subsection 50(6) of the Act.\n\n2‑2  Commonwealth costs\n\n  For the purposes of paragraph 50(1)(b) of the Act, the amount of levy money mentioned in an item of the following table is specified as the amount payable to the Commonwealth for the current financial year in respect of the class of levy mentioned in that item.\n\nNote: The levy amounts payable to the Commonwealth are to cover the costs to the Commonwealth mentioned in a subparagraph to paragraph 50(1)(b) of the Act.\n\n \n\n| Item | Class of levy | Amount of levy money payable |\n| --- | --- | --- |\n| 1 | Levy imposed by the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 | Nil |\n| 2 | Levy imposed by the General Insurance Supervisory Levy Imposition Act 1998 | Nil |\n| 3 | Levy imposed by the Life Insurance Supervisory Levy Imposition Act 1998 | Nil |\n| 4 | Levy imposed by the Superannuation Supervisory Levy Imposition Act 1998 | $39,600,000 |\n| 5 | Levy imposed by the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998 | Nil |\n| 6 | Levy imposed by the Private Health Insurance Supervisory Levy Imposition Act 2015 | Nil |\n| 7 | Levy imposed by the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 | Nil |\n\n\n \n\n2‑3  Proportion of levy money paid to APRA\n\n  For the purposes of subsection 50(1A) of the Act, the proportion of amounts of levy money paid to APRA for the current financial year, on behalf of the Commonwealth, that is to be credited to the APRA Special Account on an ongoing basis, is specified as 86.0%.\n\nPart 3—Authorised deposit-taking institutions supervisory levy\n\n \n\n3‑1  Definitions\n\n  In this Part:\n\nprovider of purchased payment facilities means an ADI that:\n\n (a) engages in the provision of one or more purchased payment facilities, in relation to at least one of which APRA has determined as mentioned in section 6 of the Banking Regulation 2016; and\n\n (b) does not otherwise carry on banking business within the meaning of section 5 of the Banking Act 1959.\n\npurchased payment facility has the meaning given by section 7 of the Payment Systems (Regulation) Act 1998.\n\nthe Act means the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\nvaluation day, in relation to an ADI, means:\n\n (a) for an ADI that is an ADI at all times during the period from 17 March of the previous financial year to the following 30 June—31 March in the previous financial year; and\n\n (b) for an ADI that was not an ADI at all times during the period from 17 March of the previous financial year to the following 30 June—the day after 17 March in the previous financial year, on which the ADI became an ADI.\n\n3‑2  Amount of levy\n\n  For the purposes of paragraphs 7(3)(a), (b), (c) and (ca) of the Act, the following table sets out matters for the current financial year.\n\n \n\n- Amount of levy\n- Item Class of ADI Maximum restricted levy amount ($) Minimum restricted levy amount ($) Restricted levy percentage Unrestricted levy percentage\n- 1 Foreign ADI 1,700,000 22,500 0.00044 0.000719\n- 2 Provider of purchased payment facilities 1,700,000 22,500 0.00219 0.000719\n- 3 ADI not mentioned in item 1 or 2 8,500,000 22,500 0.00219 0.000719\n\n\n \n\n3‑3  ADI’s levy base\n\n (1) For the purposes of paragraph 7(3)(d) of the Act, an ADI’s levy base is to be worked out using this section.\n\n (2) For the purposes of subsection 7(5) of the Act, the day as at which the levy base is to be worked out is the valuation day for the ADI.\n\n (3) The levy base is the value of the ADI’s assets, as at the valuation day, worked out in the same way as the information required by:\n\n (a) if Reporting Standard ARS 720.0 ABS/RBA Statement of Financial Position applies to the ADI for a reporting period that ends on or includes the valuation day—item 13 (Total assets including intra‑group assets) in Section A of Reporting Form ARF 720.0A ABS/RBA Statement of Financial Position (Standard), or of Reporting Form ARF 720.0B ABS/RBA Statement of Financial Position (Reduced), as applicable, in that Reporting Standard; or\n\n (b) otherwise—item 11 (Total assets) in Section A of Form ARF 323.0 in Reporting Standard ARS 323.0 Statement of Financial Position (Licensed ADI);\n\nbut as if the reporting period ended on the valuation day.\n\nPart 4—Authorised non-operating holding companies supervisory levy\n\n \n\n4‑1  Definitions\n\n  In this Part:\n\nthe Act means the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\n4‑2  Amount of levy\n\n  For the purposes of paragraphs 7(1)(a), (b) and (c) of the Act, the amount of levy payable by an authorised NOHC mentioned in each of those paragraphs for the current financial year is $45,000.\n\nNote: “Authorised NOHC” is defined in section 5 of the Act.\n\nPart 5—General insurance supervisory levy\n\n \n\n5‑1  Definitions\n\n  In this Part:\n\ngeneral insurance company includes Lloyd’s.\n\ngeneral insurance company in runoff means a general insurance company that did not issue or renew any insurance policies of any of the following kinds during the previous calendar year:\n\n (a) public liability insurance;\n\n (b) product liability insurance;\n\n (c) professional indemnity insurance.\n\nLloyd’s has the meaning given by section 3 of the Insurance Act 1973.\n\nproduct liability insurance includes insurance that provides cover for compensation for one or both of the following, caused by, or as a result of, the use of goods:\n\n (a) loss;\n\n (b) injury.\n\nprofessional indemnity insurance includes:\n\n (a) insurance that provides cover for a professional person for actions taken against that person in tort, contract or under statute law in respect of advice or services provided as part of his or her professional practice, including cover in respect of damages and legal expenses; and\n\n (b) directors’ and officers’ liability insurance and legal expense insurance; and\n\n (c) medical indemnity insurance.\n\npublic liability insurance includes:\n\n (a) insurance covering legal liability to the public in respect of bodily injury or property damage arising out of the operation of the business of the insured person or body; and\n\n (b) insurance in respect of environmental clean‑up costs resulting from pollution where not covered by Fire and Industrial Special Risk policies.\n\nthe Act means the General Insurance Supervisory Levy Imposition Act 1998.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\nvaluation day, in relation to a general insurance company, means:\n\n (a) for a general insurance company that is a general insurance company at all times during the period from 17 March in the previous financial year to the following 30 June—31 March in the previous financial year; and\n\n (b) for a general insurance company that was not a general insurance company at all times during the period from 17 March of the previous financial year to the following 30 June—the day after 17 March in the previous financial year when the general insurance company became a general insurance company.\n\n5‑2  General component\n\n  For the purposes of paragraphs 8(3)(a), (b), (c) and (ca) of the Act, the following table sets out matters for the current financial year.\n\n \n\n- General component\n- Item Company Maximum restricted levy amount ($) Minimum restricted levy amount ($) Restricted levy percentage Unrestricted levy percentage\n- 1 General insurance company 1,600,000 22,500 0.01192 0.008034\n\n\n \n\n5‑3  General insurance company’s levy base\n\n (1) For the purposes of paragraph 8(3)(d) of the Act, a general insurance company’s levy base is to be worked out using this section.\n\n (2) For the purposes of subsection 8(5) of the Act, the day as at which the levy base is to be worked out is the valuation day for the company.\n\n (3) The levy base is the value of the company’s assets, as at the valuation day, worked out in the same way as the information “Total assets (item 15)”, as required to be reported as a dataset in a 3rd column, as described in Reporting Standard GRS 300.0 Statement of Financial Position but as if the reporting period ended on the valuation day.\n\n (4) However, in the case of Lloyd’s, the levy base is the total of the amounts standing to the credit of all designated security trust funds (as defined by section 69 of the Insurance Act 1973) as at 31 March of the previous financial year.\n\n5‑4  Special component\n\n (1) For the purposes of paragraphs 8(3)(e), (f) and (g) of the Act, the following table sets out matters for the current financial year.\n\n \n\n- Special component\n- Item Company Special maximum levy amount Special minimum levy amount Special levy percentage\n- 1 General insurance company (except a general insurance company in runoff) the amount worked out under subsection (2) the amount worked out under subsection (3) the percentage worked out under subsection (4)\n- 2 General insurance company in runoff the amount worked out under subsection (5) the amount worked out under subsection (5) Nil\n\n\n \n\n (2) The amount worked out under this subsection is the total of:\n\n (a) if during the previous calendar year the company carried on either or both of public liability insurance business and product liability insurance business—the special public/product maximum; and\n\n (b) if during the previous calendar year the company carried on professional indemnity insurance business—the special professional maximum.\n\n (3) The amount worked out under this subsection is the total of:\n\n (a) if during the previous calendar year the company carried on either or both of public liability insurance business and product liability insurance business—the special public/product minimum; and\n\n (b) if during the previous calendar year the company carried on professional indemnity insurance business—the special professional minimum.\n\n (4) The percentage worked out under this subsection is the following fraction expressed as a percentage:\n\n \n\n![Start formula start fraction A times C plus B times D over A plus B end fraction end formula](image.002.png)\n\nwhere:\n\nA means the amount worked out for the company under paragraph 5‑5(3)(a) (gross premium income from public liability insurance and product liability insurance, capped by reference to the special public/product maximum).\n\nB means the amount worked out for the company under paragraph 5‑5(3)(b) (gross premium income from professional indemnity insurance, capped by reference to the special professional maximum).\n\nC means the special public/product percentage.\n\nD means the special professional percentage.\n\n (5) The amount worked out under this subsection is the total of:\n\n (a) if during the previous calendar year the company has liabilities in respect of either or both of public liability insurance and product liability insurance—the special runoff amount; and\n\n (b) if during the previous calendar year the company has liabilities in respect of professional indemnity insurance—the special runoff amount.\n\n (6) In this section:\n\nspecial professional maximum means $32,000.\n\nspecial professional minimum means $5,000.\n\nspecial professional percentage means 0.0297 per cent.\n\nspecial public/product maximum means $50,000.\n\nspecial public/product minimum means $5,000.\n\nspecial public/product percentage means 0.0238 per cent.\n\nspecial runoff amount means $2,500.\n\n5‑5  Eligible premium income for working out special component\n\n (1) For the purposes of paragraph 8(3)(h) of the Act, this section determines how a general insurance company’s eligible premium income is to be worked out.\n\n (2) For the purposes of paragraph 8(6)(b) of the Act, the period for which a general insurance company’s eligible premium income is to be worked out is the previous calendar year.\n\n (3) For the purposes of paragraph 8(6)(a) of the Act, the part of the general insurance company’s premium income that is eligible premium income is the sum of:\n\n (a) the company’s gross premium income (if any) from public liability insurance and from product liability insurance (if any) during the previous calendar year, worked out under subsection (4), but only so much of that gross premium income as, when multiplied by the special public/product percentage, does not exceed the special public/product maximum; and\n\n (b) the company’s gross premium income from professional indemnity insurance (if any) during the previous calendar year, worked out under subsection (6), but only so much of that gross premium income as, when multiplied by the special professional percentage, does not exceed the special professional maximum.\n\n (4) For the purposes of paragraph (3)(a), gross premium income from public liability insurance and product liability insurance during the previous calendar year is the sum of:\n\n (a) the aggregate of the amounts required to be reported in:\n\n (i) the policy file for the 6 months ending on 30 June of the previous calendar year; and\n\n (ii) the policy file for the 6 months ending on 31 December of the previous calendar year;\n\n  in the column headed “Gross Earned Premium” (and referred to as “field 15b”), where the class of business reported in the column headed “Class of Business” (and referred to as “field 2”) is “Public & Product” (“PL”); and\n\n (b) for each record in either of those policy files for which the general insurance company has not completed the column headed “Gross Earned Premium”—the aggregate of each GEP amount for that record worked out in accordance with subsection (5).\n\n (5) For the purposes of subsection (4), a GEP amount for a record in a policy file is worked out using the formula:\n\n \n\n![Start formula GAP times F end formula](image.003.png)  where:\n\nGAP is the gross annualised premium reported in the policy file in respect of the relevant policy in the column headed “Gross Annualised Premium” (and referred to as “field 15a”), where the class of business reported in the column headed “Class of Business” (and referred to as “field 2”) is “Public & Product” (“PL”).\n\nF is the number of days during which the policy was in force in the 6 months covered by the policy file, expressed as a percentage of the number of days in the previous calendar year.\n\n (6) For the purposes of paragraph (3)(b), gross premium income from professional indemnity insurance during the previous calendar year is the sum of:\n\n (a) the aggregate of the amounts required to be reported in:\n\n (i) the policy file for the 6 months ending on 30 June of the previous calendar year; and\n\n (ii) the policy file for the 6 months ending on 31 December of the previous calendar year;\n\n   in the column headed “Gross Earned Premium” (and referred to as “field 15b”), where the class of business reported in the column headed “Class of Business” (and referred to as “field 2”) is “Professional Risk” (“PI”); and\n\n (b) for each record in either of those policy files for which the general insurance company has not completed the column headed “Gross Earned Premium”—the aggregate of each GEP amount for that record worked out in accordance with subsection (7).\n\n (7) For the purposes of subsection (6), a GEP amount for a record in a policy file is worked out using the formula:\n\n \n\n![Start formula GAP times F end formula](image.003.png)  where:\n\nGAP is the gross annualised premium reported in the policy file in respect of the relevant policy in the column headed “Gross Annualised Premium” (and referred to as “field 15a”), where the class of business reported in the column headed “Class of Business” (and referred to as “field 2”) is “Professional Risk” (“PI”).\n\nF is the number of days during which the policy was in force in the 6 months covered by the policy file, expressed as a percentage of the number of days in the previous calendar year.\n\n (8) In this section:\n\npolicy file means a document (including an electronic document) that:\n\n (a) a general insurance company submits to APRA for the period ending on 30 June or 31 December of the previous financial year; and\n\n (b) complies with whichever of the following applies to the company:\n\n (i) Reporting Standard GRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance;\n\n (ii) Reporting Standard LOLRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance; and\n\n (c) contains the information about individual policies required by the data specifications set out in that reporting standard.\n\nrecord means a line entry or row in a policy file that contains information relating to a single insurance policy.\n\nspecial professional maximum has the meaning given by subsection 5‑4(6).\n\nspecial professional percentage has the meaning given by subsection 5‑4(6).\n\nspecial public/product maximum has the meaning given by subsection 5‑4(6).\n\nspecial public/product percentage has the meaning given by subsection 5‑4(6).\n\nPart 6—Life insurance supervisory levy\n\n \n\n6‑1  Definitions\n\n  In this Part:\n\nthe Act means the Life Insurance Supervisory Levy Imposition Act 1998.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\nvaluation day, in relation to a life insurance company, means:\n\n (a) for a life insurance company that is a life insurance company at all times during the period from 17 March in the previous financial year to the following 30 June—31 March in the previous financial year; and\n\n (b) for a life insurance company that was not a life insurance company at all times during the period from 17 March in the previous financial year to the following 30 June—the day after 17 March in the previous financial year, when the life insurance company became a life insurance company.\n\n6‑2  Amount of levy\n\n  For the purposes of paragraphs 7(3)(a), (b), (c) and (ca) of the Act, the following table sets out matters for the current financial year.\n\n \n\n- Amount of levy\n- Item Company Maximum restricted levy amount ($) Minimum restricted levy amount ($) Restricted levy percentage Unrestricted levy percentage\n- 1 Life insurance company 1,200,000 22,500 0.01130 0.005776\n\n\n \n\n6‑3  Life insurance company’s levy base\n\n (1) For the purposes of paragraph 7(3)(d) of the Act, a life insurance company’s levy base is to be worked out using this section.\n\n (2) For the purposes of subsection 7(5) of the Act, the day as at which the levy base is to be worked out is the valuation day for the life insurance company.\n\n (3) The levy base is the value of the life insurance company’s assets, as at the valuation day, worked out in the same way as the information “Total assets (item 15)” as described in Reporting Standard LRS 300.0 Statement of Financial Position, required to be reported as a dataset in a 12th column, but as if the reporting period ended on the valuation day.\n\nPart 7—Private health insurance supervisory levy\n\n \n\n7‑1  Definitions\n\n  In this Part:\n\nthe Act means the Private Health Insurance Supervisory Levy Imposition Act 2015.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\n7‑2  Amount of supervisory levy\n\n  For the purposes of subsection 8(4) of the Act, for the current financial year:\n\n (a) the amount of supervisory levy for each complying health insurance policy (a single policy) under which only one person is covered is worked out under section 7‑3; and\n\n (b) the amount of supervisory levy for each complying health insurance policy that is not a single policy is twice the amount for a single policy.\n\n7‑3  Amount of supervisory levy for a single policy\n\n (1) The amount of supervisory levy for a single policy is the amount in cents worked out using the formula:\n\n![](image.004.png)\n\nwhere:\n\naggregate single policies means the total number of single policies on issue from all private health insurers on census day.\n\naggregate other policies means the total number of complying health insurance policies (other than single policies) on issue from all private health insurers on census day.\n\n (2) However, if the amount worked out using the formula is more than $2, the amount of supervisory levy for a single policy is $2.\n\nNote:  For the definition of single policy, see paragraph 7‑2(a).\n\n7‑4  Census day\n\n  For the purposes of subsection 8(5) of the Act, the first day of the current financial year is specified as the census day for the current financial year.\n\nPart 8—Retirement savings account providers supervisory levy\n\n \n\n8‑1  Definitions\n\n  In this Part:\n\nthe Act means the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\n8‑2  Amount of levy\n\n  For the purposes of paragraphs 7(3)(a), (b), (c) and (ca) of the Act, the following table sets out matters for the current financial year.\n\n \n\n- Amount of levy\n- Item Provider Maximum restricted levy amount ($) Minimum restricted levy amount ($) Restricted levy percentage Unrestricted levy percentage\n- 1 RSA provider Nil Nil Nil Nil\n\n\n \n\n8‑3  RSA provider’s levy base\n\n (1) For the purposes of paragraph 7(3)(d) of the Act, the RSA provider’s levy base is to be worked out by adding together each amount held in an RSA by the RSA provider.\n\n (2) For the purposes of subsection (1), the day as at which the RSA provider’s levy base for the current financial year is to be worked out for an RSA provider mentioned in paragraph 7(5)(a) of the Act is 31 March of the previous financial year.\n\n (3) For the purposes of subsection (1), the day as at which the RSA provider’s levy base for the current financial year is to be worked out for an RSA provider mentioned in paragraph 7(5)(b) of the Act is the day, after 17 March of the previous financial year, on which the RSA provider became an RSA provider.\n\nPart 9—Superannuation supervisory levy\n\n \n\n9‑1  Definitions\n\n  In this Part:\n\nemployer‑sponsor receivables has the same meaning as in Accounting Standard AASB 1056 Superannuation Entities [F2024L00075].\n\npooled superannuation trust has the meaning given by section 10 of the Superannuation Industry (Supervision) Act 1993.\n\nSAF (short for small APRA fund) means a superannuation entity that:\n\n (a) is a regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993; and\n\n (b) has fewer than 5 members.\n\nSMADF (short for single member approved deposit fund) means a superannuation entity that:\n\n (a) is an approved deposit fund within the meaning of the Superannuation Industry (Supervision) Act 1993; and\n\n (b) has only one member.\n\nthe Act means the Superannuation Supervisory Levy Imposition Act 1998.\n\nNote: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.\n\nvaluation day, in relation to an entity, means:\n\n (a) for an entity that is a superannuation entity on 30 June of the previous financial year—that day; or\n\n (b) for an entity that becomes a superannuation entity during the current financial year—the day on which the superannuation entity became a superannuation entity.\n\n9‑2  Amount of levy\n\n  For the purposes of paragraphs 7(3)(a), (b), (c) and (ca) of the Act, the following table sets out matters for the current financial year:\n\n \n\n- Amount of levy\n- Entity Maximum restricted levy amount ($) Minimum restricted levy amount ($) Restricted levy percentage Unrestricted levy percentage\n- 1 Superannuation entity that is a pooled superannuation trust on the levy imposition day 475,000 12,500 0.00359 0.001020\n- 2 Superannuation entity that is a SAF or SMADF on the levy imposition day 590 590 Nil Nil\n- 3 Superannuation entity not mentioned in item 1 or 2 950,000 12,500 0.00719 0.002516\n\n\n \n\n9‑3  Superannuation entity’s levy base\n\n (1) For the purposes of paragraph 7(3)(d) of the Act, this section sets out how a superannuation entity’s levy base is to be worked out.\n\n (2) If the valuation day for a superannuation entity is 30 June of the previous financial year, the superannuation entity’s levy base is the amount that is required to be reported as at that day in:\n\n (a) if Reporting Standard SRS 320.0 Statement of Financial Position applies to the entity for a reporting period that ends on that day—item 25 of Form SRF 320.0 Statement of Financial Position in that Reporting Standard; or\n\n (b) otherwise—item 7 of Form SRF 800.0: Financial Statements in Reporting Standard SRS 800.0 Financial Statements.\n\n (3) If the valuation day for a superannuation entity is during the current financial year, the superannuation entity’s levy base is to be worked out:\n\n (a) if the superannuation entity consists entirely of the life insurance policies of individual members of the fund—in the same way as the current value of the policies on the valuation day is assessed by the insurer; or\n\n (b) otherwise—by determining the net balance of the entity on the valuation day based on the audited accounts of the entity.\n\n (4) Despite subsections (2) and (3), in working out a superannuation entity’s levy base, disregard the superannuation entity’s employer‑sponsor receivables.\n\nSchedule 1—Repeals\n\n \n\nAustralian Prudential Regulation Authority Supervisory Levies Determination 2024\n\n1  The whole of the instrument\n\nRepeal the instrument.\n\n \n","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":false,"description":"This Determination is an annual parameters update that replaces the 2024 Determination (Schedule 1) and sets the dollar amounts, caps, percentages, formulas and reporting/valuation rules for supervisory levies for the 2025–26 year. It does not expand APRA’s statutory levy powers or add new classes of entities to the levy regime; it adjusts numerical parameters and procedural references for the current year (Parts 1, 2 and Parts 3–9). The only substantive differences from prior years are parameter values (including the Commonwealth amount specified of $39,600,000 for the superannuation levy class and the APRA special‑account proportion of 86.0%), which are consistent with the Determination’s role as a yearly update rather than a change of scope."},"complexity_factors":["Multiple Parts covering nine different levy regimes (Parts 2–9)","Extensive cross‑references to eight separate Acts (APRA Act and seven levy imposition Acts) (Part 1‑3)","Numerous defined terms and sector‑specific definitions (e.g. valuation day rules across Parts 3,5,6,8,9; SAF/SMADF)","Multiple numerical tables of minima, maxima and percentage rates across sectors (Parts 3,5,6,8,9)","Dependency on APRA Reporting Standards and specific reporting forms (section 1‑6 and sector sections referencing ARS/GRS/LRS/SRS standards and ARF/SRF forms)","Compound calculations and caps for general insurers’ special component including policy‑file GEP calculations and capping rules (Part 5, sections 5‑4 and 5‑5)","Private health insurer levy uses a national aggregate formula tied to census day and is capped at $2 per single policy (Part 7)","Multiple valuation‑day rules conditional on whether an entity existed for specified periods (recurring conditional logic in Parts 3,5,6,8,9)","Repeal of prior year instrument and a specified allocation between Commonwealth and APRA special account (Part 2 and Schedule 1)"],"plain_english_summary":"**What this instrument does, in plain terms**\n\n- This Determination sets the supervisory levies APRA will collect for the 2025–26 financial year from the different financial sectors it supervises (banks, insurers, superannuation funds, private health insurers, retirement savings account providers and certain holding companies). It replaces the prior year’s Determination (Schedule 1) and takes effect 1 July 2025 (Part 1 – commencement and Schedule 1). \n\n- The Determination does two kinds of things: (a) it specifies the dollar amounts, caps, percentages and formulas that determine each regulated entity’s levy for 2025–26; and (b) it specifies the portion of levy money payable to the Commonwealth and the portion credited to APRA’s special account (Part 2). \n\n**Who is affected**\n\n- Authorised deposit‑taking institutions (ADIs) and certain foreign ADIs (Part 3).\n- Providers of purchased payment facilities that are ADIs (Part 3).\n- Authorised non‑operating holding companies (NOHCs) (Part 4).\n- General insurers (including Lloyd’s) and insurers in runoff (Part 5).\n- Life insurers (Part 6).\n- Private health insurers (Part 7).\n- Retirement savings account (RSA) providers (Part 8).\n- Superannuation entities, including pooled superannuation trusts and very small APRA funds (SAFs/SMADFs) (Part 9).\n\n**How the levies are worked out (mechanics)**\n\n- The Determination uses a mix of: fixed dollar minima and maxima, percentage rates applied to an entity’s levy base, and special/ad hoc formulae for particular sectors. It also tells which reporting day to use when calculating an entity’s levy base (valuation day) and which reporting standard or reporting form to use to measure assets or premium income. See the relevant Part for each sector (Parts 3–9). \n\n- Examples of the numerical settings for 2025–26 (see the tables in Parts 2–9):\n  - APRA/Commonwealth split: the Determination specifies that $39,600,000 is payable to the Commonwealth for the superannuation levy class and that 86.0% of levy money credited to APRA’s special account on an ongoing basis (Part 2, sections 2‑2 and 2‑3).\n  - ADIs: different maximum restricted levy amounts and levy percentages apply by class: e.g. a standard ADI not separately listed has a maximum restricted levy of $8,500,000, minimum $22,500, restricted levy percentage 0.00219 and unrestricted levy percentage 0.000719 (Part 3, section 3‑2 and table).\n  - General insurers (general component): maximum restricted levy $1,600,000, minimum $22,500, restricted percentage 0.01192 and unrestricted 0.008034 (Part 5, section 5‑2).\n  - General insurers (special component): additional amounts/percentages apply for public/product liability and professional indemnity classes, with caps and minimums (special public/product max $50,000, special professional max $32,000, percentages 0.0238% and 0.0297% respectively) and a small $2,500 runoff amount for insurers in runoff (Part 5, sections 5‑4 and 5‑5).\n  - Life insurers: maximum restricted levy $1,200,000, minimum $22,500, restricted percentage 0.01130 and unrestricted 0.005776 (Part 6, section 6‑2).\n  - Private health insurers: levy per single-person policy is calculated by formula from the national counts on census day (first day of the financial year) and is capped at $2 per single policy; multi-person policies pay double the single amount (Part 7, sections 7‑2 to 7‑4).\n  - RSA providers: the table sets all entries to nil for 2025–26 (Part 8, section 8‑2).\n  - Superannuation entities: separate scales for pooled superannuation trusts (max $475,000), SAFs/SMADFs (fixed $590), and other entities (max $950,000); levy bases are worked out by reference to specific reporting standards or audited balances, excluding employer‑sponsor receivables (Part 9, sections 9‑2 and 9‑3).\n\n- Several Parts rely on APRA reporting standards and specified reporting forms to define the levy base item (for example: ARS 720.0 for ADI assets, GRS 300.0 or policy files for general insurers, LRS 300.0 for life insurers, and SRS 320.0/SRS 800.0 for superannuation) (see sections identified in Parts 3, 5, 6 and 9). The Determination also defines valuation days for each class of entity (Parts 3, 5, 6, 8, 9).\n\n**Stated purpose and practical implications**\n\n- The Determination implements the statutory mechanism for recovering the costs of prudential supervision by APRA and certain Commonwealth costs (it is made under the APRA Act and the various supervisory levy imposition Acts; see Part 1‑3). The stated purpose is to set levy parameters for the year so APRA and the Commonwealth are funded from industry levies (Part 2 references the amounts payable to the Commonwealth and the share credited to APRA’s Special Account).\n\n- Who pays: regulated entities (banks, insurers, superannuation funds, private health insurers, RSA providers, authorised NOHCs) pay levies. The Determination sets which entities pay and how much via fixed amounts, percentage levies on asset/premium bases, or per-policy levies (Parts 3–9). \n\n- Who decides and implementation dependencies: APRA (through reporting standards) supplies the data specifications and reporting forms that feed into levy calculations; the Determination cross-references those reporting standards and makes the levy calculations dependent on them (section 1‑6 and the sector-specific sections). \n\n**Costs, incentives and trade-offs to note**\n\n- Direct costs fall on regulated entities. Entities with larger asset bases or larger eligible premium income pay more under percentage-based levy elements; small entities may mostly face the minimum levies (see the minima/maxima tables in each Part).\n\n- Compliance burden: sectors that must supply granular policy files (general insurers using GRS/LOLRS 800.1 policy files) or particular reporting forms face administrative work to produce the required datasets and to calculate levy bases to the specified valuation day (Part 5, section 5‑5 and section 1‑6). \n\n- Predictability and budgeting: annual publication of caps, percentages and valuation rules gives predictable parameters for one year but does not fix future years; entities must build allowance for these levies into operating budgets. \n\n- Pass-through and competitive effects: the Determination mechanically raises costs for supervised firms; whether these costs are passed to customers, alter product design, or affect competition depends on firms’ market positions and cost structures — the Determination itself only sets the levy mechanics (Parts 3–9). \n\n- Concentrated benefits/diffuse costs: the Determination channels funds to APRA and the Commonwealth (Part 2). The direct fiscal beneficiary (APRA’s special account and the Commonwealth) is a concentrated recipient; the levy payers are many and dispersed across sectors.\n\n- Discretion and implementation risk: the Determination depends heavily on APRA’s reporting standards (section 1‑6); changes to those standards or delays in reporting could complicate levy calculation and collection. \n\n**Bottom line**\n\nThis is an annual, technical instrument that sets the numerical and procedural rules APRA and the Commonwealth will use to collect supervisory levies for 2025–26. It specifies which entities pay, how levy bases are measured (by reference to APRA reporting standards and valuation days), the percentage rates and caps that apply, and a small set of special formulae (notably for general insurer special components and private health policy levies). The instrument does not change the statutory levy powers — it updates the year’s parameters and repeals the 2024 Determination (Schedule 1)."},"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":6,"scope_assessment":{"changed":false,"description":"This is an annual update determination that operates within its established statutory framework. The scope remains consistent with previous years: setting levy rates and calculation methods for APRA-supervised entities. While specific dollar amounts and percentages change year-to-year (such as the new $39.6 million Commonwealth cost recovery for superannuation and the nil levy for RSA providers), the fundamental structure and coverage of the supervisory levy system has not expanded beyond its original purpose of funding prudential supervision."},"complexity_factors":["Multiple parallel levy structures across 8 different financial sectors (ADI, general insurance, life insurance, private health insurance, RSA, superannuation, NOHC), each with distinct calculation methodologies","Heavy reliance on external 'Reporting Standards' (ARS, GRS, LRS, SRS, LOLRS) with complex version control rules in section 1-6 that allow for automatic substitution of replaced standards","Nested conditional logic for 'valuation day' determination that varies by entity type and timing of registration (e.g., sections 3-1, 5-1, 6-1, 9-1)","Bifurcated levy components (restricted vs unrestricted percentages) with different caps and floors for each entity class","Complex formula-based calculations for general insurance 'special component' involving weighted averages of premium income categories (section 5-4) and detailed policy file data extraction requirements (section 5-5)","Cross-references to 8 separate Imposition Acts plus the APRA Act, Banking Act, Insurance Act, and Superannuation Industry (Supervision) Act","Specific data field references (e.g., 'field 15b', '12th column', 'item 25') that require mapping to external reporting forms","Exception for employer-sponsor receivables in superannuation calculations (section 9-3(4))","Special treatment for Lloyd's (section 5-3(4)) and foreign ADIs (section 3-2)"],"plain_english_summary":"This instrument sets APRA’s 2025–26 levies on banks, insurers, superannuation funds, private health insurers, retirement savings account providers (nil this year) and non‑operating holding companies to fund APRA’s supervision of Australia’s financial system. It applies a “user pays” approach so larger, higher‑risk institutions contribute more while small funds get relief.\n\nNotable change: superannuation funds now carry a $39.6m Commonwealth cost-recovery charge (APRA retains 86% of total levies), reflecting increased government oversight of the $3+ trillion super sector."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-supervisory-levies-determination-2025","history":"/api/acts/australian-prudential-regulation-authority-supervisory-levies-determination-2025/history","analysis":"/api/acts/australian-prudential-regulation-authority-supervisory-levies-determination-2025/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-supervisory-levies-determination-2025/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-supervisory-levies-determination-2025/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-supervisory-levies-determination-2025/documents"}}