Australia's Treasury has published a discussion paper, prepared with the Australian Prudential Regulation Authority, seeking industry views on proposed Financial Institutions Supervisory Levies for 2026–27. The proposal would raise AUD 297.3 million, up AUD 14.7 million or 5.2 per cent from 2025–26, to recover APRA's operating costs and specified costs incurred by the Australian Taxation Office, the Gateway Network Governance Body and Treasury. APRA's net levy requirement is proposed at AUD 253.3 million, up AUD 10.3 million or 4.2 per cent, although its budgeted operating expenses fall to AUD 260.3 million. The higher levy need reflects lower non-levy income, recovery of an expected AUD 0.7 million under-collection from 2025–26, and budget measures including AUD 8.3 million for Council of Financial Regulators agencies' access to secure government systems and AUD 2.5 million for the superannuation in retirement reporting framework. The paper keeps the existing levy architecture, with asset-based restricted and unrestricted components for ADIs, superannuation, general insurance and life insurance, a policy-based levy for private health insurance, and a separate AUD 1.2 million National Claims and Policies Database levy. By industry, total levies for superannuation would rise to AUD 125.2 million from AUD 112.5 million and the restricted levy maximum would increase to AUD 1.05 million from AUD 950,000. ADI levies would rise to AUD 114.6 million from AUD 110.8 million, while general insurance and life insurance and friendly societies would fall to AUD 27.2 million and AUD 19.1 million respectively, and private health insurance would remain at AUD 10.0 million. Consultation closes on 14 June 2026. APRA plans to publish an updated Cost Recovery Implementation Statement by 30 June 2026, and further detail on its 2026–27 supervisory activities is due in APRA's corporate plan in August 2026.
Department of Treasury (Australia)2026-05-25
Australia's Treasury seeks views on proposed 2026–27 financial institutions supervisory levies totalling AUD 297.3 million
The Australian Department of the Treasury, with the Australian Prudential Regulation Authority, has issued a discussion paper on proposed 2026–27 Financial Institutions Supervisory Levies totalling AUD 297.3 million, a 5.2 per cent increase from 2025–26, to recover APRA’s costs and specified costs of other agencies. APRA’s net levy requirement would rise to AUD 253.3 million, with the existing levy architecture retained and higher levies for superannuation and authorised deposit-taking institutions, offset by lower levies for general and life insurance and unchanged levies for private health insurance.