Infringement notices

This register records 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.

Details of the notices served by APRA are set out below:

Date issued	Name of entity	Relevant Act and section	Alleged conduct	Penalty	Media release
4 July 2023	BNK Banking Corporation Limited	Subsection 13(9) of FSCODA	96 daily offences for failure to give reporting documents to APRA within the timeframes required	$247,500	APRA fines BNK for failing to meet data reporting requirements
14 June 2023	OnePath Custodians Pty Limited	Section 29WA(3) of the SIS Act	125 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	$1,464,350	APRA fines OnePath Custodians for failing to direct member contributions to a MySuper Product
8 August 2019	Capital Finance Australia Limited	Subsection 13(9) of FSCODA	335 daily offences for failure to give reporting documents to APRA within the timeframes required	$703,500	APRA fines Westpac for failing to meet legal reporting requirements
8 August 2019	St George Finance Holdings Limited	Subsection 13(9) of FSCODA	146 daily offences for failure to give reporting documents to APRA within the timeframes required	$306,600	APRA fines Westpac for failing to meet legal reporting requirements
8 August 2019	Westpac Banking Corporation	Subsection 13(9) of FSCODA	234 daily offences for failure to give reporting documents to APRA within the timeframes required	$491,400	APRA fines Westpac for failing to meet legal reporting requirements

Infringement notices

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