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Part 3: Capital Measures (continued)

Treasury

Australian Prudential Regulation Authority — modernising data capabilities

Capital ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Australian Prudential Regulation Authority 2.8 3.7 3.2
Australian Prudential Regulation Authority 2.4 3.1 2.3 3.3
Australian Prudential Regulation Authority 2.4 2.8 1.1 1.4

The Government will provide $9.7 million over three years from 2016‑17 to modernise the Australian Prudential Regulation Authority's (APRA) data collection and dissemination systems. The cost of this element of the measure will be met from within the existing resources of APRA.

The Government will also provide $11.2 million over four years from 2016‑17 to support the maintenance and operation of the new systems, including $3.4 million in amortisation that has no underlying cash or fiscal impact. The cost of this element of the measure will be offset by an $11.2 million increase over four years from 2016‑17 in the Financial Institutions Supervisory Levies collected by APRA.

Australian Securities and Investments Commission — industry charging arrangements

Capital ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Australian Securities and Investments Commission
Australian Securities and Investments Commission

The Government will provide $6.2 million in 2016‑17 to build a levy calculator and modify billing and time recording systems in preparation for the implementation of industry charging arrangements for the Australian Securities and Investments Commission (ASIC) from 2017‑18.

The Government has made a provision of $144.5 million over three years from 2017‑18 pending the development of industry charging arrangements for ASIC.

Funding for this measure has already been provided for by the Government.