Cost recovery implementation statement
Under the guidelines there are two types of cost recovery charges, cost recovery levies and cost recovery fees.
The Cost Recovery Implementation Statement (CRIS) – Levies outlines ASIC's forecast regulatory costs and activities for the 2017-18 financial year. It follows extensive consultation by Government on the operation of industry funding.
The CRIS helps to increase the transparency of ASIC's costs, which strengthens our accountability to industry. This is particularly important now that regulated entities will receive an invoice for ASIC's regulatory services delivered in the prior year.
The costs outlined in the CRIS are based on budget numbers and may change when compared to ASIC’s actual costs for the period.
The CRIS was finalised in May 2018 following industry consultation and has been approved by the Minister for Revenue and Financial Services and the Finance Minister.
Regulated entities may use the figures in the CRIS to estimate their industry funding invoice amount. However, final invoice amounts will in many cases depend heavily on data that ASIC is yet to collect from entities.
The Cost Recovery Implementation Statement (CRIS) – Fees for service provides information about how we will implement fees for service under industry funding.
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