Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2009 (Cth)

Australian Prudential Regulation Authority instrument fixing charges No. 2 of 2009

Models-based capital adequacy requirements for ADIs:  2008 - 09

Australian Prudential Regulation Authority Act 1998

I, John Francis Laker, a delegate of APRA, under paragraphs 51(1) (a) and (b) 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: 15 June 2009

[Signed]

John Francis Laker

Chair

Interpretation

In this instrument

APRA means the Australian Prudential Regulation Authority

Federal Register of Legislative Instruments means the register established under

section 20 of the Legislative Instruments Act 2003.

Schedule – Charges for services and applications

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.	$440,000 (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.
	$88,000 (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.	·   St. George Bank Limited ·   Bank of Western Australia Limited
	$44,000 (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