Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2011

Link to law: https://www.comlaw.gov.au/Details/F2011L01260

 
 
Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2011
Models-based capital adequacy requirements for ADIs for the financial year 2010-11
Australian Prudential Regulation Authority Act 1998
 
I, Stephen Brian Matthews, a delegate of APRA, under paragraph 51(1)(b) of the Australian Prudential Regulation Authority Act 1998 FIX the charges specified in the attached Schedule of charges in respect of the specified applications or requests made to APRA under the International Convergence of Capital Measurement and Capital Standards – A Revised Framework (Basel II) and under paragraph 51(1)(a) of the Act, in respect of services and facilities APRA provides.
 
This instrument commences on the date of registration on the Federal Register of Legislative Instruments under the Legislative Instruments Act 2003.
 
Dated: 17 June 2011
 
[Signed]
 
Stephen Brian Matthews
Chief Financial Officer
 
 
 
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
 
 
Column 1
Nature of services and applications for which the charge is imposed
Column 2
Amount of the charge
Column 3
Person required to pay the charge
Column 4
When the charge is to be paid

Assessment of applications and the ongoing supervision of ADIs under the models-based approach.
$423,500
(inclusive of GST)
This charge is ­non-refundable.
·      Australia and New Zealand Banking Group Limited
·      Commonwealth Bank of Australia
·      National Australia Bank Limited
·      Westpac Banking Corporation
·      Macquarie Bank Limited
 
14 days after receipt of APRA’s invoice for the charge.
The invoice may
be issued at any time after the date of this instrument.

 
$192,500
(inclusive of GST)
This charge is non-refundable and is payable whether or not the ADI eventually obtains approval for the use of a models-based approach.
·      ING Bank (Australia) Limited
 

 
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