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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 issued Name of entity Relevant Act and section Alleged conduct Penalty Media release
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