Instrument fixing charges to be paid to APRA No. 2 of 2005 (Cth)

Instrument fixing charges to be paid to APRA

No 2 of 2005

Australian Prudential Regulation Authority Act 1998

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MODELS-BASED CAPITAL ADEQUACY REQUIREMENTS FOR ADI S  -  2004-05

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 10 June 2005

[signed: J Flaye]

J Flaye

Chief Financial Officer

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 2004-05 financial year of the supervisory infrastructure and technical capacity required for the introduction of a models-based approach for select ADIs with advanced systems to determine regulatory capital requirements.	$412 500 (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.	·   Australia and New Zealand Banking Group Ltd ·   Commonwealth Bank of Australia ·   National Australia Bank Ltd ·   Westpac Banking Corporation	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.
	$165 000 (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.	·   Macquarie Bank Ltd ·   St George Bank Ltd