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

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 APRA’s invoice for the charge.

The invoice may be issued

at any time after the date of this instrument.