Authorised deposit-taking institutions (ADIs) will pay an annual fee of 15 basis points for committed liquidity facilities (CLFs) provided by the Reserve Bank of Australia (RBA) under new liquidity rules set to be implemented from the start of 2015. The Australian Prudential Regulation Authority (APRA) also suggests its reluctance to allow banks to rely on CLFs to supplement their liquid assets pools could – in the longer term – allow a widening of its list of first-order liquid securities.