Australian Prudential Regulation Authority instrument fixing charges No. 1 of 2020

The instrument is short and focused. Its main concepts are statutory authority, definitional scope, the specified service, named payers, fixed monetary charges, GST inclusion, non-refundable status, invoicing timing, and commencement by registration.

Statutory authority. The power invoked to make the instrument is paragraph 51(1)(a) and (b) of the APRA Act, as stated in the opening paragraph. The instrument is therefore an exercise of a power to "fix charges" under that statutory provision. The instrument identifies the delegate who exercises that power (Stephen Brian Matthews), which records who decided the amounts and who signs the instrument (preamble).

Definitions and cross-reference. The Interpretation clause provides two short definitions that delimit who the instrument addresses. ADI is defined as short for authorised deposit-taking institution and is given the meaning in section 5 of the Banking Act 1959. APRA is defined as the Australian Prudential Regulation Authority (Interpretation). The instrument therefore relies on external statutory definitions for the class of regulated entities; it does not reproduce the full definition in the instrument itself, but explicitly incorporates it by reference.

Specified service. The Schedule identifies the relevant service for which the charge is imposed: "Assessment of applications and the ongoing supervision of ADIs under the models-based approach." That phrase defines the service scope to which the monetary charges correspond (Schedule, Column 1). The instrument’s title further frames the service in the context of models-based capital adequacy requirements for the 2019-20 financial year.

Named payers. Rather than establishing a formula or a general tariff applicable to a category, the Schedule names specific legal entities in Column 3 as the persons required to pay each fixed amount. The larger amount, $233,200 inclusive of GST, is allocated to six named ADIs (ANZ, Commonwealth Bank, NAB, Westpac, Macquarie Bank Limited and ING Bank (Australia) Limited). A second fixed amount, $42,900 inclusive of GST, is allocated to Bendigo and Adelaide Bank Limited.

Monetary detail and GST. Each amount is expressed in Australian dollars and expressly noted as inclusive of GST in the Schedule (Column 2). The Schedule also states that the charges are non-refundable. These are explicit financial terms specifying taxpayer/legal entity cash outflows and the tax treatment reflected in the invoice amount.

Invoicing and timing. Payment is due "14 days after receipt of APRA’s invoice for the charge." The Schedule also specifies that APRA may issue the invoice "at any time after the date of this instrument." This mechanism gives APRA discretion as to when it issues the invoice following commencement, while fixing the due date relative to receipt.

Commencement. The instrument commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003. That ties legal effect to the formal registration process rather than a named calendar date or retrospective operation.

What the instrument does not do within its own text. It does not set out a formulaic charging structure or wider schedule of fees beyond the named entries. It does not include provisions about enforcement beyond payment timing. It does not describe how APRA will use the receipts. It does not include dispute resolution procedures or specify consequences for non-payment within the instrument text provided. It does not amend or repeal other statutory provisions; it is an instrument fixing charges under the APRA Act.

These are the main concepts to which readers must attend: the instrument is an exercise of delegated fee-fixing power, it operates by naming recipients of a specified service and imposing fixed fees inclusive of GST and non-refundable, and it leaves the timing of APRA’s invoicing to APRA’s discretion, subject to the 14-day payment term after invoice receipt.

The instrument applies directly to the specific legal entities named in the Schedule of charges. Column 3 of the Schedule identifies the persons required to pay the charge. For the $233,200 amount the named payers are: Australia and New Zealand Banking Group Limited; Commonwealth Bank of Australia; National Australia Bank Limited; Westpac Banking Corporation; Macquarie Bank Limited; and ING Bank (Australia) Limited. For the $42,900 amount the named payer is Bendigo and Adelaide Bank Limited (Schedule, Column 3).

Because the interpretation clause defines ADI by reference to section 5 of the Banking Act 1959, the instrument uses the term ADI in describing the service. However the concrete financial obligations are only imposed on those named legal entities in the Schedule. The instrument does not, on its face, impose the listed dollar charges on other ADIs or on entities not named in the Schedule.

Who pays. The immediate financial burden falls on the listed ADIs which, by the Schedule, are the "person required to pay the charge." The Schedule states the amounts are inclusive of GST and are non-refundable (Schedule, Column 2). The named ADIs therefore must pay APRA the stated dollar amounts on APRA’s invoice within 14 days of receipt.

Who decides and invoices. APRA, through its delegate, makes the decision to fix the charges (preamble). APRA is the entity entitled to issue the invoice; the Schedule contemplates that APRA may issue the invoice at any time after the date of the instrument and that payment is triggered by receipt of APRA’s invoice (Schedule, Column 4). The delegate who executed the instrument is named, which indicates who signed the instrument on APRA’s behalf (preamble).

Indirect or secondary effects. While only the named ADIs are directly charged, the economic effects of the charges will be experienced by those entities. The instrument does not specify whether those entities may pass the charges on to customers, shareholders, or consolidate them into operational costs. The instrument also does not identify any reimbursement or cost-sharing arrangements among related entities or within groups. The instrument does not affect persons not named in the Schedule in any express way.

Timing and registration. The instrument commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003 (commencement clause). The Schedule allows APRA to issue an invoice at any time after the date of the instrument; consequently, the listed ADIs face an uncertain timing window for when APRA might demand payment. Once APRA issues an invoice, the 14-day payment period applies (Schedule, Column 4).

Summary of directly affected parties. In concrete terms, the instrument affects:

• Six large ADIs named as payers of $233,200 each (ANZ, CBA, NAB, Westpac, Macquarie Bank Limited and ING Bank (Australia) Limited); and
• Bendigo and Adelaide Bank Limited as payer of $42,900.

No other entities are named as payers in the Schedule, and the instrument does not expand the list elsewhere in the text provided.

Duties imposed by the instrument are narrowly defined and monetary in nature. The primary duty imposed on each named payer is to pay the fixed charge stated in the Schedule to APRA in respect of APRA’s assessment and ongoing supervision under the models-based approach. The exact duties and related rights in the instrument are as follows.

Duty to pay fixed charge. Each person specified in Column 3 of the Schedule is required to pay the amount specified for that person in Column 2. The Schedule explicitly labels these entries as "Amount of the charge" and "Person required to pay the charge." For the named ADIs, the amounts are $233,200 (inclusive of GST) for the six listed ADIs and $42,900 (inclusive of GST) for Bendigo and Adelaide Bank Limited (Schedule, Columns 2 and 3). The instrument therefore imposes an immediate, discrete monetary obligation on those named legal entities.

GST-inclusive and non-refundable. The Schedule states that each charge is inclusive of GST and that each charge is non-refundable (Schedule, Column 2). Those are express financial terms forming part of the duty: the payer must discharge the stated inclusive-of-GST dollar amount and cannot expect a refund of the charge under the instrument.

Payment timing. The payer must pay the amount 14 days after receipt of APRA’s invoice for the charge. The Schedule also provides that APRA may issue the invoice at any time after the date of the instrument (Schedule, Column 4). That combination places a duty to pay within 14 days of receiving an APRA invoice, while giving APRA the right to choose when to issue the invoice following commencement.

APRA’s rights as invoice issuer and recipient. APRA has the right to issue the invoice at any time after the instrument’s date. APRA is the recipient of payment; the instrument establishes APRA’s entitlement to receive the fixed amount from the named payers. The instrument does not include within the supplied text any procedural constraints on APRA’s invoicing beyond the timing clause.

Scope of service. The duty to pay is expressed to relate to "Assessment of applications and the ongoing supervision of ADIs under the models-based approach" (Schedule, Column 1). The instrument therefore conditions the obligation upon APRA’s performance of that stated service; however the Schedule does not contain a mechanism that ties payment to discrete deliverables, milestones, or a time-limited scope beyond the descriptive phrase.

No procedural rights to challenge specified within instrument. The instrument does not include express rights or mechanisms for the named payers to dispute the charge, seek a remission, or obtain a refund. It does not state how disputes about invoicing or the basis for the charge are to be resolved. It simply fixes the amounts, states they are non-refundable, and sets the payment term following APRA’s invoice. Any rights to challenge the charge or seek relief would need to be located in other statutes, regulations, or administrative processes not set out in the instrument.

Who decides and signs. The instrument records the name and title of the delegate, Stephen Brian Matthews, Executive Director, who has fixed the charges under paragraph 51(1)(a) and (b) of the APRA Act (preamble). That identifies who executed the instrument and who is the immediate decision-maker recorded on the instrument.

Commencement and effective date. The instrument’s commencement is the date of registration under the Legislation Act 2003. Once registered, the instrument is effective from that registration date, and APRA may issue invoices any time after the date of the instrument (commencement clause; Schedule, Column 4).

In short, the instrument’s key duties are payment of specific GST-inclusive, non-refundable amounts by named ADIs within 14 days of APRA’s invoice, while APRA has the right to issue invoices at any time after the instrument’s date and to receive the payments. The instrument contains no procedural dispute rights or payment enforcement mechanics in the text supplied.

The instrument fixes charges and sets payment timing, but it does not contain express penalty provisions, enforcement procedures, or specified sanctions for non-payment within the text provided. The instrument’s Schedule requires payment "14 days after receipt of APRA’s invoice for the charge" and states that the invoice may be issued at any time after the date of the instrument (Schedule, Column 4). It also notes that the charges are non-refundable. Beyond those provisions, no penalty clauses, interest on late payments, debt-recovery processes, administrative sanctions, or criminal penalties appear in the instrument text supplied.

Legal enforcement implications from the instrument text. Because the instrument itself does not specify enforcement mechanisms, enforcement of the payment obligations will necessarily depend on other statutory provisions, APRA’s administrative practices, or general law remedies for debt recovery. The instrument is made under paragraph 51(1)(a) and (b) of the APRA Act, which grants APRA authority to fix charges, but the instrument does not set out within its own text any enforcement rights that APRA might have under the APRA Act or other statutes. Any powers APRA possesses to recover unpaid charges, impose interest, or take other enforcement action would need to be located in the APRA Act, associated regulations or administrative policies, or in court processes for recovery of debts. The instrument does not state whether APRA will treat non-payment as an event that might trigger supervisory or regulatory consequences; no such linkage is articulated in the instrument.

Non-refundability as a limit on return rights. The Schedule’s express statement that the charge is "non-refundable" is itself a substantive constraint on the payer’s ability to obtain a refund under the instrument once a payment has been made (Schedule, Column 2). The instrument therefore constrains a right to restitution under the instrument itself, but it does not address potential legal claims a payer might assert outside the instrument (for example, claims of invalidity or procedural defect).

Practical enforcement posture implied. The practical enforcement posture implied by the instrument is that APRA will issue invoices and expect payment within 14 days. If payment is not made, absent express instrument terms, APRA would likely pursue ordinary levers, which could include administrative follow-up, debt recovery procedures, or relying on statutory recovery powers if contained in other laws. The instrument does not authorise APRA to withhold regulatory services or to link enforcement to supervisory actions; no such mechanisms are included in the instrument text supplied.

Consequences for failure to pay under the instrument text. The instrument does not prescribe consequences within its own text. Any legal consequences for failing to pay the invoiced charge, including interest, penalties, or regulatory implications, are not set out in this instrument and therefore must be found in other instruments or statutes if they exist.

In short, the instrument fixes obligations and payment timing but leaves enforcement to external statutory powers or general legal remedies; the text supplied does not itself create or spell out penalties for non-compliance beyond the financial obligation and the non-refundable label.

The instrument explicitly ties into several provisions of primary legislation by reference and by operation. The notable interactions in the instrument text are with the Australian Prudential Regulation Authority Act 1998, the Banking Act 1959, and the Legislation Act 2003.

APRA Act 1998. The instrument is made under paragraph 51(1)(a) and (b) of the APRA Act, which is the express delegated authority cited in the preamble. That establishes the instrument as an exercise of a statutory power conferred by the APRA Act. The instrument therefore operates as a subordinate instrument within the statutory framework created by the APRA Act. Any limits, procedural requirements, judicial review channels, or constraints on the exercise of the power to fix charges that are contained in the APRA Act would apply to the making and operation of this instrument, but the instrument text itself does not restate them. Users of this instrument will need to consult the APRA Act for the broader legal context of the power to fix charges and any prescribed procedures or limits that apply to that power.

Banking Act 1959. The Interpretation clause defines ADI as short for authorised deposit-taking institution "and has the meaning given in section 5 of the Banking Act 1959." By doing so the instrument incorporates the Banking Act’s definition of ADI for the descriptive scope of the service to which the charge relates. The charge is expressly for "assessment of applications and the ongoing supervision of ADIs under the models-based approach" (Schedule, Column 1). The instrument therefore interacts with the Banking Act’s definitional regime, and any legal consequences flowing from the Banking Act’s classification of an entity as an ADI will be relevant when interpreting the instrument’s scope. The instrument does not purport to amend the Banking Act or alter its definitions; it merely adopts the Banking Act’s definition by reference.

Legislation Act 2003. The instrument’s commencement clause states the instrument commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003. That ties the instrument’s operative commencement to the administrative registration process prescribed by the Legislation Act 2003. The instrument therefore interacts procedurally with the Legislation Act’s requirements for registration and commencement of legislative instruments.

GST and taxation law. The Schedule states the amounts are "inclusive of GST." That reflects interaction with the GST regime in that the charge includes the tax component in the stated dollar amounts. However the instrument does not itself amend taxation law or specify GST recovery procedures. The instrument’s GST-inclusive label indicates how APRA is presenting the amounts but does not contain any separate provision on tax liability beyond the label.

Other statutes and regulatory arrangements. The instrument does not explicitly reference other statutes for enforcement or recovery, and it does not include express interaction clauses regarding other regulatory requirements. Any enforcement powers APRA may use to recover unpaid charges, or any procedural rights parties might have to challenge APRA’s fee-fixing, would be located in the APRA Act, the Administrative Decisions (Judicial Review) Act or other general administrative law, or in other specific statutes or instruments not included in the text provided.

No amendment of primary law. The instrument does not purport to amend primary legislation. It is a subordinate instrument that exercises an existing power to fix charges. It does not purport to change definitions, create offences, or alter the rights and obligations in other statutes beyond fixing a fee payable to APRA.

In sum, the instrument operates within and relies on the APRA Act for its authority, adopts the Banking Act definition of ADI for its descriptive scope, and commences by registration under the Legislation Act 2003. The instrument’s interaction with other legal regimes such as enforcement mechanisms, dispute resolution, and the detailed GST rules will depend on those regimes outside the instrument, since the instrument itself does not elaborate further.

The instrument as provided does not contain any amendments, schedules of amendments, or indication of prior versions. The instrument is dated 05 June 2020 and records that it was made by a delegate of APRA under paragraph 51(1)(a) and (b) of the APRA Act (preamble). The instrument states it "commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003" (commencement clause). No subsequent amendments are recorded within the text supplied.

There is no provision in the instrument text supplied that amends earlier APRA instruments or any primary legislation. The Schedule itself is presented as the operative fixing of charges for the specified service and named payers. The instrument does not include savings, transitional provisions, revocation of earlier fee instruments, or an express statement that it replaces any previous instrument. It does not indicate that the amounts are provisional or subject to later revision within the instrument’s own text.

Because the instrument fixes charges for a particular financial year context, namely models-based capital adequacy requirements for the 2019-20 financial year (instrument title and Schedule Column 1), it is plausibly a discrete, time-specific instrument rather than a standing, permanent tariff. However the instrument itself does not include an expiry or explicit temporal limitation other than the commencement clause; no express end date or revocation clause appears in the text supplied.

If a reader requires the formal amendment history, revocations, or superseding instruments, that information must be sought on the Federal Register of Legislation or in APRA’s records, because the instrument text supplied does not contain any historical schedule or list of amendments. The instrument’s placement on the register and any subsequent entries would record whether it has been amended, revoked, or replaced.

In short, the instrument as provided shows a single, self-contained fixing of charges with a date of 05 June 2020 and does not contain within its own text any recorded amendments or prior or subsequent versions. Users seeking amendment history must consult the Federal Register of Legislation or APRA’s published instruments for the official record.

The instrument text supplied contains no reference to any litigation, court or tribunal proceedings, challenges, or legal disputes connected to the instrument. There are no cases named, no judicial commentary, and no reference to any administrative or judicial review processes relating specifically to this instrument in the material provided.

Because the instrument is subordinate legislation fixing charges and because it does not, within the text provided, include dispute-resolution procedures or explicit statutory rights of challenge, any legal challenges would likely proceed under general administrative law principles (for example judicial review), statutory appeal routes contained in the APRA Act, or ordinary courts for contractual or debt claims; however the instrument text itself does not specify such pathways. The absence of litigation history in the instrument means that any recorded challenges, if they exist, would need to be found in external sources such as court databases, published decisions, or government registers. Those sources are outside the instrument text and therefore not cited here.

For readers interested in whether the instrument has been subject to litigation, the instrument’s registration details and any subsequent legal history must be checked in the Federal Register of Legislation, court records, or APRA’s public documents. The instrument as supplied offers no internal record or summary of litigation.

This instrument contains several concrete features and small drafting choices that create practical risks or points of attention for payers, APRA, and advisers. The following are source-grounded items to watch.

Named, non-generalised charging. The Schedule imposes fixed amounts on named entities rather than setting a tariff applicable to a class or prescribing a formula. That means the instrument’s legal obligations are tightly bound to the entities listed in Column 3. If a practitioner is advising an ADI not named in the Schedule, do not assume the instrument imposes a charge on that ADI; the Schedule’s Column 3 determines who is required to pay.

GST-inclusive amounts. The amounts are stated to be inclusive of GST (Schedule, Column 2). The payer must therefore plan to pay the stated full amount; the instrument does not provide for GST to be added. For accounting and tax treatment, the nominated dollar figure includes GST, which may affect invoice coding and downstream tax claims. Review internal GST accounting: the instrument does not explain how APRA will issue tax invoices or handle input tax credits. The instrument does not specify whether APRA will issue a tax invoice; it only states the charge is inclusive of GST.

Non-refundable label. The Schedule explicitly says "This charge is non-refundable" for each listed amount (Schedule, Column 2). That phrase is categorical within the instrument. If a payer expects the possibility of remission, refund under changed circumstances, or a subsequent reassessment that might trigger a refund, the instrument itself forecloses refunds. Any argument for restitution or reversal of a paid charge would need to be pursued outside the instrument, for instance by judicial challenge to the validity of the instrument or other legal remedies.

APRA invoice timing. APRA may issue the invoice "at any time after the date of this instrument" (Schedule, Column 4). The instrument therefore gives APRA temporal discretion to select when to demand payment after the instrument’s date. From a payer’s perspective this creates an uncertain cashflow exposure window. Practitioners should note that receipt of an APRA invoice starts the 14-day payment countdown.

Short payment window. Payment is due 14 days after receipt of APRA’s invoice (Schedule, Column 4). That is a relatively short settlement term. Advisers should plan for a rapid payment process once an invoice is received, and ensure internal authorisations, treasury and accounts payable processes can meet the 14-day deadline. The instrument does not state whether partial payments, instalments, or payment plans are permitted; the Schedule simply fixes the amount and the 14-day term.

Scope phrasing. The descriptive scope is "Assessment of applications and the ongoing supervision of ADIs under the models-based approach" (Schedule, Column 1). That description is concise and not detailed. The instrument does not define "models-based approach" within its text. Readers should therefore be wary of assuming the phrase includes or excludes particular supervisory activities; the instrument’s short descriptive language may invite differing interpretations of the exact extent of the chargeable service. If a payer receives an invoice and disputes whether the work invoiced falls within that phrase, the instrument itself provides no internal mechanism for resolving that dispute.

Concentration and distribution of amounts. The Schedule shows a materially larger fixed amount ($233,200) for six named ADIs and a smaller fixed amount ($42,900) for Bendigo and Adelaide Bank Limited. The draft does not explain the basis for the differentiation. Advisers should not assume the amounts reflect a statutory formula or proportionality to size unless supporting materials are located elsewhere.

No enforcement mechanics stated. The Schedule fixes payment terms but contains no provisions on interest for late payment or steps APRA will take on default. This absence means that practical recovery or enforcement approaches will derive from other statutory or common law powers, if any, and that payers may need to evaluate risk of collection action under broader legal frameworks.

Commencement linked to registration. The instrument commences on registration under the Legislation Act 2003. Because APRA may issue the invoice at any time after the date of the instrument and because commencement is tied to registration, adviser attention is required to the instrument’s actual registration date on the Federal Register of Legislation, not merely the date printed on the document (instrument dated 05 June 2020). Invoice timing may be triggered following registration.

No express dispute or review route. The instrument does not set out an internal APRA review or objection process for the charge. If a payer wishes to object, they must identify the legal basis for any challenge in statutory or judicial review fora external to the instrument.

No stated use of proceeds. The instrument does not state what APRA will do with the receipts. That matters for public accountability and for payers who may seek to question the reasonableness of the charge in the context of APRA’s activities. The instrument’s silence on allocation may be relevant in administrative law arguments but within the instrument itself there is no guidance.

These are pragmatic points that arise directly from the instrument’s text and its concise drafting. Advisers should verify invoice delivery procedures, confirm the instrument’s registration date, and prepare for the short payment term and the non-refundable label.

Compliance with this instrument is straightforward in substance but requires attention to timing, accounting and internal payment procedures. The instrument creates an obligation to pay fixed amounts to APRA by named payers as set out in the Schedule. The following steps, grounded in the instrument text, outline a compliance checklist.

1. Confirm applicability. Check whether your entity is one of the legal persons named in Column 3 of the Schedule. The Schedule identifies exact legal entities. If you are not one of those named entities the instrument does not, on its face, require you to pay the listed amounts. If you are named, proceed with the remaining steps (Schedule, Column 3).

2. Verify the instrument’s registration date. The instrument commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003. Confirm when the instrument was registered, because APRA may issue invoices only after the date of the instrument and the registration date determines when the instrument is effective (commencement clause). Obtain the registered instrument copy from the Federal Register to confirm the effective date.

3. Prepare for invoicing and rapid payment. APRA may issue the invoice at any time after the date of the instrument, and payment is due 14 days after receipt of APRA’s invoice (Schedule, Column 4). Ensure your accounts payable and treasury units have processes to:

   • Receive and acknowledge invoices from APRA;
   • Process the fixed amount (GST-inclusive) within a 14-day payment window; and
   • Route approvals to meet the short payment term.

4. Account for GST-inclusive amounts. The charges are explicitly inclusive of GST (Schedule, Column 2). Record the amounts in accounting systems as GST-inclusive. Coordinate with tax advisers or in-house tax teams to determine the treatment of the GST component for input tax credits, and to ensure APRA issues any tax invoice necessary for GST recovery. The instrument itself does not specify invoice content beyond the payment timing.

5. Budget and liquidity planning. The amounts are fixed-dollar charges. For the six larger ADIs, the amount is $233,200 each; for Bendigo and Adelaide Bank Limited it is $42,900. Treat these as cash outflows to be forecast and budgeted. Because APRA can invoice at any time after the instrument date, consider reserving funds or establishing standing plans to meet the obligation promptly.

6. Record the non-refundable nature. The Schedule states the charge is non-refundable. If you wish to challenge the charge for validity, overcharging, or other legal reasons, do not rely on the instrument for an internal refund procedure. Any dispute over the basis or validity of the charge should be addressed by legal counsel, by reference to remedies outside the instrument text, such as judicial review or statutory appeal routes if available under the APRA Act or other statutes.

7. Document receipt and payment. Keep records showing receipt of APRA’s invoice, date of payment, and any correspondences. Because the payment window is measured from receipt of invoice, recordkeeping will be relevant if a dispute arises over whether payment was timely.

8. Review internal governance approvals. Given the material amounts (particularly the $233,200 entries), ensure that the entity’s internal authorisation thresholds for payments are aligned with the invoice process. If higher-level approvals are required (board, CFO, or treasury committee), ensure those approvals can be obtained within the 14-day period.

9. Seek clarification where necessary. If an entity is uncertain whether the service described in Column 1 covers particular work for which APRA has invoiced, or if the invoice does not clearly identify the basis, seek clarification from APRA promptly. The instrument itself does not define "models-based approach" or the precise boundaries of the supervised activities; clarification from APRA may avoid later disputes.

10. Legal review for objections. If you consider the instrument invalid, or if APRA’s invoicing departs from the instrument, consult legal counsel about potential remedies. The instrument itself does not provide an internal appeal process. Counsel can advise whether any statutory challenge, judicial review application, or other remedy is available and appropriate.

11. Check for related instruments or policies. The instrument is concise. It may be accompanied in APRA’s public materials by explanatory papers, policies on fee allocation, or other instruments that explain APRA’s fee-setting methodology or recovery practices. For a full compliance view, obtain the registered instrument, APRA’s public guidance and any supporting material APRA has published about the fee.

Following these steps closely will ensure an entity named in the Schedule meets the instrument’s monetary obligations within the stipulated timeframe and with appropriate documentary support.