1Australian Prudential Regulation Authority instrument fixing charges No. 6 of 2018

Image unavailable in extracted text

Australian Prudential Regulation Authority instrument fixing charges No. 6 of 2018

Models-based capital adequacy requirements for ADIs for the financial year 2017-18

Australian Prudential Regulation Authority Act 1998

I, Stephen Brian Matthews, a delegate of APRA, under paragraph 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 APRA.

This instrument commences on the date of registration on the Federal Register of Legislation under the Legislation Act 2003.

Dated: 20 June 2018

[Signed]

Stephen Brian Matthews

Executive General Manager

Interpretation

In this instrument

ADI is short for authorised deposit-taking institution and has the meaning given in section 5 of the Banking Act 1959.

APRA means the Australian Prudential Regulation Authority.

Schedule of charges

<table cellspacing="0" cellpadding="0" style="width:468.55pt; margin-left:5.4pt; border-collapse:collapse"><thead><tr><td style="width:123.9pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-bottom:6pt; font-size:11.5pt"><span style="font-weight:bold; text-decoration:underline">Column 1</span></p><p style="margin-top:6pt; margin-bottom:6pt; font-size:11.5pt"><span style="font-weight:bold">Nature of services and applications for which the charge is imposed</span></p></td><td style="width:95.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-bottom:6pt; font-size:11.5pt"><span style="font-weight:bold; text-decoration:underline">Column 2</span></p><p style="margin-top:6pt; font-size:11.5pt"><span style="font-weight:bold">Amount of the charge</span></p></td><td style="width:116.75pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-bottom:6pt; font-size:11.5pt"><span style="font-weight:bold; text-decoration:underline">Column 3</span></p><p style="margin-top:6pt; font-size:11.5pt"><span style="font-weight:bold">Person required to pay the charge</span></p></td><td style="width:88.45pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-bottom:6pt; font-size:11.5pt"><span style="font-weight:bold; text-decoration:underline">Column 4</span></p><p style="margin-top:6pt; font-size:11.5pt"><span style="font-weight:bold">When the charge is to be paid</span></p></td></tr><tr style="height:75pt"><td rowspan="2" style="width:123.9pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; font-size:11.5pt"><span>Assessment of applications and the ongoing supervision of ADIs under the models-based approach.</span></p></td><td style="width:95.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; font-size:11.5pt"><span>$305,800</span></p><p style="margin-bottom:6pt; font-size:11.5pt"><span>(inclusive of GST)</span></p><p style="margin-top:6pt; margin-bottom:6pt; font-size:11.5pt"><span>This charge is </span><span>­</span><span>non-refundable.</span></p></td><td style="width:116.75pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><ul style="margin:0pt; padding-left:0pt"><li class="Header" style="margin-top:6pt; margin-left:12.04pt; margin-bottom:3pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">Australia and New Zealand Banking Group Limited</span></li><li class="Header" style="margin-top:3pt; margin-left:12.04pt; margin-bottom:3pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">Commonwealth Bank of Australia</span></li><li class="Header" style="margin-top:3pt; margin-left:12.04pt; margin-bottom:3pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">National Australia Bank Limited</span></li><li class="Header" style="margin-top:3pt; margin-left:12.04pt; margin-bottom:6pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">Westpac Banking Corporation</span></li><li class="Header" style="margin-top:6pt; margin-left:12.04pt; margin-bottom:3pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">Macquarie Bank Limited</span></li></ul><p class="Header" style="margin-top:3pt; margin-left:1.7pt; font-size:11.5pt"><span></span></p></td><td rowspan="2" style="width:88.45pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; font-size:11.5pt"><span>14 days after receipt of APRA’s invoice for the charge.</span></p><p style="margin-top:6pt; margin-bottom:6pt; font-size:11.5pt"><span>The invoice may be issued at any time after the date of this instrument.</span></p></td></tr><tr style="height:154.3pt"><td style="width:95.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; font-size:11.5pt"><span>$123,200</span></p><p style="margin-bottom:6pt; font-size:11.5pt"><span>(inclusive of GST)</span></p><p style="margin-top:6pt; font-size:11.5pt"><span>This charge is non-refundable.</span></p></td><td style="width:116.75pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><ul style="margin:0pt; padding-left:0pt"><li class="Header" style="margin-top:3pt; margin-left:12.04pt; margin-bottom:3pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">ING Bank (Australia) Limited</span></li><li class="Header" style="margin-top:3pt; margin-left:12.04pt; margin-bottom:3pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">Bendigo and Adelaide Bank Limited</span></li><li class="Header" style="margin-top:3pt; margin-left:12.04pt; padding-left:3.86pt; font-family:serif; font-size:11.5pt"><span style="font-family:'Times New Roman', serif">Suncorp-Metway Limited</span></li></ul></td></tr></thead></table>