Australian Prudential Regulation Authority Instrument fixing charges No. 3 of 2018
1Australian Prudential Regulation Authority Instrument fixing charges No. 3 of 2018
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Australian Prudential Regulation Authority Instrument fixing charges No. 3 of 2018
For applications for authorisation or registration as an Authorised Deposit-taking institution (ADI), General Insurer or Life Company.
Australian Prudential Regulation Authority Act 1998
I, Stephen Matthews, a delegate of APRA
(i) under paragraph 51(1)(b) of the Australian Prudential Regulation Authority Act 1998 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901 REVOKE Instrument Fixing Charges No. 1 of 2013 dated 8 March 2013.
(ii) under paragraph 51(1)(b) of the Act, FIX the charges specified in the attached Schedule.
This Instrument commences on the date of registration on the Federal Register of Legislative Instruments under the Legislation Act 2003.
Dated: 7 June 2018
[Signed]
Stephen Matthews
Executive General Manager (Corporate Services)
Interpretation in this Instrument
In this Instrument
ADI is short for Authorised Deposit-taking institution and has the meaning given in sub-Section 5(1) of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority.
friendly society has the meaning given in Section 16C of the Life Insurance Act 1995 (the Life Act).
general insurer has the meaning given in Section 3 of the Insurance Act 1973.
life company has the meaning given in the Dictionary in the Schedule of the Life Act.
Schedule of charges
| Item | Application for which the charge is imposed | Amount of charge(GST exempt) | Person required to pay the charge | When the charge is to be paid |
|---|---|---|---|---|
| 1 | Application for authorisation as an ADI under Section 9 of the Banking Act 1959 – where the applicant applies to be authorised to carry on business as a bank. | $110,000 | Applicant | On lodgement of the application |
| 2 | Application for authorisation as an ADI under Section 9 of the Banking Act 1959 – where the applicant applies to be authorised to carry on business as a building society or credit union. | $110,000 | Applicant | On lodgement of the application |
| 3 | Application for authorisation as an ADI under Section 9 of the Banking Act 1959 – where the applicant applies to be authorised as a provider of purchased payment facilities. |