Instrument fixing charges to be paid to APRA (16/11/2002) (Cth)

Australian Prudential Regulation Authority Act 1998

INSTRUMENT FIXING CHARGES TO BE PAID

TO APRA

MODEL-BASED CAPITAL ADEQUACY REQUIREMENTS FOR ADIs

I, Jim Flaye, a delegate of the Australian Prudential Regulation Authority (APRA), under paragraph 51(1)(a) of the Australian Prudential Regulation Authority Act 1998

FIX the charges specified in column 2 of the Schedule, to be paid to APRA in respect of the services specified in column 1 of the Schedule, by a person specified in column 3 of the Schedule.

Dated 16 November 2002

[signed]

……………………………….

J Flaye

Chief Financial Officer

SCHEDULE

CHARGES FOR SERVICES

Column 1 Services	Column 2 Charges	Column 3 Person required to pay
Establishment of the supervisory infrastructure and technical capacity required for the introduction of a model-based approach for ADIs with advanced systems to determine regulatory capital requirements.	$250,000 (non-refundable fee payable whether or not the ADI eventually obtains approval for the use of a model-based approach).	ADIs that have been identified as the most likely users of the model-based approach and are prepared to co-operate with the requisite regulatory development, being Commonwealth Bank of Australia, National Australia Bank Ltd, Westpac Banking Corporation, and Australia and New Zealand Banking Group Ltd.