Instrument fixing charges to be paid to APRA No. 1 of 2004 (13/01/2004) (Cth)

Australian Prudential Regulation Authority Act 1998

INSTRUMENT FIXING CHARGES TO BE PAID

TO APRA

No 1 of 2004

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 the Schedule.

Dated 13 January 2004

[signed]

…………………………………

J Flaye

Chief Financial Officer

SCHEDULE

CHARGES FOR SERVICES

Column 1 Services	Column 2 Charges	Column 3 Person required to pay	Column 4 When the charges are to be paid
Continued development during the 2003-04 financial year 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.	$375,000 (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 by APRA as expected users of the model-based approach and that have indicated to APRA their willingness to co-operate in the development of the model-based approach, being Commonwealth Bank of Australia, National Australia Bank Ltd, Westpac Banking Corporation, and Australia and New Zealand Banking Group Ltd.	Twenty-eight days after receipt of APRA’s invoice for the charge. The invoice may be issued at any time after the date of this instrument.