A parking brake actuator for a disc brake caliper. The parking brake actuator includes a tapered collet having an axial bore, the tapered collet slidably positionable within a bore of the disc brake caliper; an actuator rod having a first end and a second end, the actuator rod slidably positionable within the axial bore of the collet; means for receiving a force for placing the parking brake actuator in a non-actuated condition; and a first biasing means structured and arranged to apply a force sufficient to place the parking brake actuator in an actuated condition when the force for placing the parking brake in a non-actuated condition is reduced or eliminated.