Cost recovery implementation statement 2023-24
Each year, we publish a Cost Recovery Implementation Statement (CRIS). This CRIS provides information on how we implement the industry funding model and recover:
- the costs of our regulatory activities for each industry subsector in 2023–24, and
- our user-initiated and transaction-based regulatory costs via fees for service in 2023-24.
The CRIS contains our estimated costs and levies for each industry subsector in 2023-24 to help entities plan and budget for the levies and fees to be charged. The figures in the CRIS are indicative only. Levy notices will be issued between January and March 2025 after actual levies have been calculated.
To address recommendations outlined in the Australian Government’s ASIC’s IFM review report, ASIC and Treasury will establish a five-yearly consultation process with industry to examine the policy settings of the IFM. This will replace the annual consultation CRIS that ASIC previously released prior to the final CRIS.
Navigate to
- How ASIC's industry funding model works
- Summary of ASIC's estimated costs and levies for sectors and subsectors (PDF 797 KB)
- Detailed information about estimated 2023-24 costs and levies for each subsector:
- Fees for service schedule (PDF 344 KB)
- Background information about industry funding
- About ASIC
- Key terms
Key events and estimated dates
| Key event | Estimated date |
|---|---|
| CRIS certified by ASIC Chair | May 2024 |
| CRIS approved by the Assistant Treasurer and agreed for release by the Minister for Finance | June 2024 |
| Publish CRIS | June 2024 |
| ASIC portal opens for annual returns | July to September 2024 |
| Finalise regulatory costs | November 2024 |
| Make legislative instrument with business activity details | December 2024 |
| Publish summary of actual levies, annual dashboard report and summary of variances between estimated and actual costs | December 2024 |
| Issues levy notices | January - March 2025 |
| Levy notices due | April 2025 |
| Next substantive consultation on ASIC’s IFM | 2027 |
| Portfolio charging review | 2027 |