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What we do

ASIC is Australia's integrated corporate, markets, financial services and consumer credit regulator.

ASIC is an independent Australian Government body. We are set up under and administer the Australian Securities and Investments Commission Act 2001 (ASIC Act), and we carry out most of our work under the Corporations Act.

Cost recovery implementation statement - 2020-21

The Cost Recovery Implementation Statement (CRIS)-2020-21 provides information on how we will implement the industry funding model and recover:

  • the costs of our regulatory activities from each industry subsector in 2020–21 (in Part 1); and
  • our user-initiated and transaction-based regulatory costs via fees for service in 2020–21 (in Part 2).

This version of the CRIS summarises and responds to stakeholder feedback on the version we published for comment in July 2021 – see submissions received below.

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.

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Submissions

  1. Martin Bocxe
  2. Stockbrokers and Financial Advisers Association
  3. Burrell Stockbroking & Wealth Management
  4. The Investment Collective
  5. Financial Services Council
  6. Australian Restructuring Insolvency & Turnaround Association
  7. Financial Planning Association
  8. Institute of Public Accountants
  9. Morgans Financial Limited
  10. Levi Consulting Pty Ltd
  11. Australian Financial Markets Association
  12. Association of Financial Advisers
  13. Chartered Accountants of Australia and New Zealand
  14. Association of Superannuation Funds of Australia Limited

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