Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2007
Models-based capital adequacy requirements for ADIs:   2006-07
Australian Prudential Regulation Authority Act 1995
 
I, Jim Flaye, a delegate of APRA, under paragraph 51(1)(a) of the Australian Prudential Regulation Authority Act 1998 FIX the charges specified in the Schedule.
 
This instrument commences on the date of registration on the Federal Register of Legislative Instruments under the Legislative Instruments Act 2003.
 
Dated   16 May 2007
 
 
[Signed]
J. Flaye
Chief Financial Officer
 
 
 
 
Interpretation
In this instrument
APRA means the Australian Prudential Regulation Authority
SCHEDULE
 
CHARGES FOR SERVICES
 
Column 1
Services 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

Continued development during the 2006-07 financial year, of the supervisory infrastructure and technical capacity required for the introduction of a models-based approach for select ADIs with advanced systems to determine regulatory capital requirements and approval of the models.
$632,500
(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.
·       Australia and New Zealand Banking Group Ltd
·       Commonwealth Bank of Australia
·       National Australia Bank Ltd
·       Westpac Banking Corporation
·       Macquarie Bank Limited
·       St George Bank Ltd
 
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.

$275,000
(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.
·       Bank of Western Australia Ltd