Federal Register of Legislation - Australian Government

Primary content

No. 3 of 2010 Other/Charges, Fees & Factors as made
The instrument imposes a charge for certain services provided by APRA relating to the on-going supervision of banks which have adopted the models-based approach under the New Basel Capital Framework (Basel II) for ADIs and to the accreditation of other ADIs which have applied to APRA to utilise that approach to determine their capital adequacy requirements.
Administered by: Treasury
Made 21 Jun 2010
Registered 23 Jun 2010
Tabled HR 24 Jun 2010
Tabled Senate 24 Jun 2010
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

 

 

 

Australian Prudential Regulation Authority instrument fixing charges No. 3 of 2010

 

Models-based capital adequacy requirements for ADIs for the 2009 - 10 financial year

 

Australian Prudential Regulation Authority Act 1998

 

 

 

I, John Francis Laker, 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 the 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: 21 June 2010

 

 

[SIGNED]

 

............................................................................... John Francis Laker

Chair

 

 

 

 

Interpretation                                                                                                                               Document ID: 182497

In this Notice

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

 

Assessment of applications and the ongoing supervision of ADIs under the models-based approach.


Column 2

 

Amount of the charge

 

 

 

 

$528,000 (inclusive of GST)

 

This charge is non-refundable.

 

$390,500 (inclusive of GST)

 

This charge is non-refundable.

 

 

 

 

$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.


Column 3

 

Person required to pay the charge

 

 

 

 

· Commonwealth Bank of Australia

· Westpac Banking

Corporation

 

 

 

· Australia and New Zealand Banking Group Limited

· National Australia

Bank Limited

 

· Macquarie Bank

Limited

· ING Bank

(Australia) Limited


Column 4

 

When the charge is to be paid

 

 

 

14 days after receipt of APRAs invoice for the charge.

 

The invoice may be issued

at any time after the date of this instrument.