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Infringement Notice Register

This register records penalties paid under infringement notices served by APRA since 1 August 2019. 

APRA has the power to serve infringement notices under the Superannuation Industry (Supervision) Act 1993 (SIS Act) and the Financial Sector (Collection of Data) Act 2001(FSCODA). 

APRA’s Infringement Notice Guidelines provide background information and general guidance on APRA’s approach to issuing infringement notices under the SIS Act and FSCODA.  

Date of paymentName of entityRelevant Act and sectionAlleged conductPenalty paidMedia release
20 July 2024OnePath Custodians Pty LimitedSection 29WA(3) of the SIS Act684 offences for failure to treat contributions as contributions to be paid into a MySuper product in circumstances where no directions were given in relation to the contributions.$10,704,600APRA issues $10.7 million infringement notice and accepts court enforceable undertaking from OPC
2 July 2024Equity Trustees Superannuation LimitedSubsection 13(9) of FSCODA678 daily offences for failure to give reporting documents to APRA within the timeframes require$782,500 APRA fines Equity Trustees for failing to meet data reporting requirements
1 August 2023BNK Banking Corporation LimitedSubsection 13(9) of FSCODA96 daily offences for failure to give reporting documents to APRA within the timeframes required$247,500APRA fines BNK for failing to meet data reporting requirements
30 June 2023OnePath Custodians Pty Limited Section 29WA(3) of the SIS Act125 offences for failure to treat contributions as contributions to be paid into a MySuper product in circumstances where no directions were given in relation to the contributions$1,464,350APRA fines OnePath Custodians for failing to direct member contributions to a MySuper Product
15 August 2019Capital Finance Australia LimitedSubsection 13(9) of FSCODA335 daily offences for failure to report to APRA within the timeframes required $703,500APRA fines Westpac for failing to meet legal reporting requirements
15 August 2019St George Finance Holdings LimitedSubsection 13(9) of FSCODA146 daily offences for failure to report to APRA within the timeframes required$306,600APRA fines Westpac for failing to meet legal reporting requirements
15 August 2019Westpac Banking CorporationSubsection 13(9) of FSCODA234 daily offences for failure to report to APRA within the timeframes required$491,400APRA fines Westpac for failing to meet legal reporting requirements