Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2008 (Cth)

Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2008

Models-based capital adequacy requirements for ADIs:   2007- 08

Australian Prudential Regulation Authority Act 1998

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 4 June 2008

[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 2007-08 financial year of the supervisory infrastructure and technical capacity required for the introduction of a models-based approach to determine regulatory capital requirements, assessment of applications and, where relevant, commencement of ongoing supervision of the models-based approach.	$605,000 (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.	·   Australia and New Zealand Banking Group Limited ·   Commonwealth Bank of Australia ·   National Australia Bank Limited ·   Westpac Banking Corporation ·   Macquarie Bank Limited ·   St. George 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.
	$440,000 (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.	·   HBOS Australia Pty Ltd
	$110,000 (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.	·   ING Bank (Australia) Limited