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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.  

Since 1 August 2019, APRA has served 715 infringement notices for breaches of FSCODA.  All of these notices have been paid. Details of these notices are set out below.  

Date issuedName of entityRelevant Act and sectionAlleged conductPenaltyMedia release
8 August 2019Capital Finance Australia Limited Subsection 13(9) of FSCODA335 daily offences for failure to give reporting documents to APRA within the timeframes required $703,500APRA fines Westpac for failing to meet legal reporting requirements
8 August 2019St George Finance Holdings LimitedSubsection 13(9) of FSCODA146 daily offences for failure to give reporting documents to APRA within the timeframes required$306,600APRA fines Westpac for failing to meet legal reporting requirements
8 August 2019Westpac Banking Corporation Subsection 13(9) of FSCODA234 daily offences for failure to give reporting documents to APRA within the timeframes required$491,400APRA fines Westpac for failing to meet legal reporting requirements