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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 2024-25

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 2024–25, and
  • our user-initiated and transaction-based regulatory costs via fees for service in 2024-25.

The CRIS contains our estimated costs and levies for each industry subsector in 2024-25 to help entities plan and budget for the levies and fees to be charged. The figures in the CRIS are estimates only. Levy notices will be issued between January and March 2026 after actual levies have been calculated.

To address recommendations outlined in the Australian Government’s review of the ASIC industry funding model, ASIC and Treasury will establish a five-yearly consultation process with industry to examine the policy settings of the industry funding model (IFM). This will replace the annual consultation CRIS that ASIC previously released before the final CRIS. 

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Key events and estimated dates

Key event Estimated date
CRIS certified by ASIC Chair May 2025
CRIS approved by the Assistant Treasurer June 2025
Publish CRIS July 2025
ASIC portal opens for annual returns July to September 2025
Finalise regulatory costs November 2025
Make legislative instrument with business activity details December 2025
Publish summary of actual levies, annual dashboard report and summary of variances between estimated and actual costs December 2025
Issue levy notices January - March 2026
Levy notices due for payment April 2026
Next substantive consultation on ASIC’s IFM 2028
Portfolio charging review 2028