{"id":"F2011L01272","name":"Banking (prudential standard) determination No. 3 of 2011 - Prudential Standard APS 150 - Capital Adequacy: Basel II Transition (Advanced ADIs)","slug":"banking-prudential-standard-determination-no-3-of-2011-prudential-standard-aps-150-capital-adequacy-","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":125548,"registerId":"commonwealth-F2011L01272-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (prudential standard) determination No. 3 of 2011 - Prudential Standard APS 150 - Capital Adequacy: Basel II Transition (Advanced ADIs)","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: \"Chapter 1: Introduction\"\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![image001](image.001.png)\n\n \n\nBanking (prudential standard) determination No. 3 of 2011\n\nPrudential standard APS 150 Capital Adequacy: Basel II Transition (Advanced ADIs)\n\nBanking Act 1959\n\nI, Charles Watts Littrell, a delegate of the Australian Prudential Regulation Authority, under subsection 11AF(3) of the Banking Act 1959 (the Act), REVOKE Prudential Standard APS 150 Capital Adequacy: Basel II Transition (Advanced ADIs) made by Banking (prudential standard) determination No. 12 of 2007.\n\nThis instrument takes effect on 30 June 2011.\n\n \n\nDated 21 June 2011\n\n \n\n \n\n[Signed]\n\n \n\nCharles Watts Littrell\n\nExecutive General Manager\n\nPolicy Research and Statistics\n\nAustralian Prudential Regulation Authority\n\n \n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1918},"content_quality":"rejected","complexity_score":1,"rejection_reason":"Incomplete fragment provided: only the making instrument (determination cover page, revocation clause, and signature block) is included. The substantive text of Prudential Standard APS 150—which would contain the actual capital adequacy requirements, definitions, and transition arrangements—is missing.","scope_assessment":{"changed":false,"description":"Cannot assess scope changes. The provided text only shows that the instrument revokes the 2007 version and replaces it, but without the substantive content of either the old or new standard, it is impossible to determine if the scope has expanded or contracted."},"complexity_factors":["Only the instrument header and revocation clause are present (3 short paragraphs)","Substantive prudential requirements are entirely missing from the provided text","No defined terms, cross-references, or conditional logic visible in the excerpt"],"plain_english_summary":"This appears to be the legislative instrument (determination) that formally creates Prudential Standard APS 150, but **the substantive content of the standard is missing from the provided text**. What is shown is only the 'cover page' that revokes the previous 2007 version and establishes this 2011 version as taking effect on 30 June 2011. \n\nBased on the title, this standard would set **capital adequacy rules** (how much capital banks must hold as a buffer against losses) specifically for **Advanced ADIs** (banks using sophisticated internal models to calculate risk) during the **transition to Basel II** (international banking standards). However, the actual requirements—such as specific capital ratios, transition timelines, or calculation methodologies—are not included in the excerpt provided."}},"importantCases":[],"_links":{"self":"/api/acts/banking-prudential-standard-determination-no-3-of-2011-prudential-standard-aps-150-capital-adequacy-","history":"/api/acts/banking-prudential-standard-determination-no-3-of-2011-prudential-standard-aps-150-capital-adequacy-/history","analysis":"/api/acts/banking-prudential-standard-determination-no-3-of-2011-prudential-standard-aps-150-capital-adequacy-/analysis","conflicts":"/api/acts/banking-prudential-standard-determination-no-3-of-2011-prudential-standard-aps-150-capital-adequacy-/conflicts","importantCases":"/api/acts/banking-prudential-standard-determination-no-3-of-2011-prudential-standard-aps-150-capital-adequacy-/important-cases","documents":"/api/acts/banking-prudential-standard-determination-no-3-of-2011-prudential-standard-aps-150-capital-adequacy-/documents"}}