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

Industry funding levy notices

Industry funding levy notices to recover ASIC's Regulatory costs are issued between January and March for each leviable year. The levy notices are due for payment 30 business days after issue.

ASIC Regulatory Portal account holders can log in to view and pay their entity's levy notice online.

For those not yet registered on the portal, the levy notice will be sent via mail to the address registered with ASIC.

Paying industry funding levy notices

When to pay

ASIC industry funding levy notices are due for payment 30 business days after issue.

How to pay

The payment options outlined on your levy notice include BPAY, Electronic Funds Transfer and credit card.

BPAY

Use the BPAY details provided on your levy notice to pay using BPAY. You must ensure the BPAY reference number is correct. The BPAY reference number will begin with the digits ‘309’.

Ensure you allow three business days for electronic processing.

Electronic Funds Transfer

Use the Electronic Funds Transfer (EFT) details provided on your levy notice to transfer directly from your financial institution. You must ensure the Electronic Funds Transfer reference number is correct. The Electronic Funds Transfer reference number will begin with the digits ‘309’.

Paying on behalf of multiple entities?

Limitations with EFT mean that ASIC cannot identify your payment without an accurate reference number included in the transaction.

If ASIC is unable to identify an EFT payment as being associated with your entity or entities, you may incur late payment penalties.

If you are paying a total amount on behalf of multiple entities, you must ensure that you send remittance advice to: regulatorypayments@asic.gov.au.

This will ensure that the money you have paid to ASIC can be allocated to the correct industry funding accounts.

Credit card

The credit card payment option is available using the ASIC Regulatory Portal. Portal account holders can log in to their portal account to view their industry funding levy notice and make a payment online.

Help with paying

In some cases, we can arrange a payment plan that allows you to make industry funding payments in instalments.

See Details on applying for an industry funding payment plan.

If you don't pay

If payment is not received by the due date you may need to pay additional fees.

See Details on penalties.

Industry funding payment plans

Payment plans for levies and penalties are available in cases of financial hardship. A payment plan allows you to pay your levy by instalments. Late payment penalties will be suspended while the payment plan is in place and complied with.

We encourage you to contact ASIC as soon as possible before the levy notice due date to determine whether you are eligible for a payment plan.

To apply for an industry funding payment plan, log in to your ASIC Regulatory Portal account to complete the payment plan transaction.

Ensure you include the following information:

  • Entity details
  • Industry funding levy notice number
  • Amount requested for payment plan
  • Frequency of payment (weekly, fortnightly, monthly)
  • Instalment amount
  • Reason why you require a payment plan
  • Supporting documentation to substantiate claims of financial hardship.

Industry funding levy and penalty waivers

ASIC may waive a levy, late payment penalty or shortfall penalty if the amount is payable, and ASIC is satisfied that there are exceptional circumstances justifying the waiver.

ASIC cannot waive an amount that has already been paid.

Please do not pay the levy and/or penalty if:

  • you intend to request a waiver of the amount, or
  • you have requested us to waive the amount, and you are awaiting the outcome.

All applications to ASIC must include evidence to substantiate the application. ASIC will assess each application on a case-by-case basis, responding with a decision within 28 days of receipt of the waiver application. Late payment penalties will be suspended while the waiver application is being considered.

To apply for an industry funding levy or penalty waiver, log in to your ASIC Regulatory Portal account to complete the levy or penalty waiver transaction.

Examples of exceptional circumstances include

Death

Death of the office holder or licensee.

Serious illness

Prolonged medical issue limiting the individual’s ability to meet their obligations.

Natural disaster

This includes events such as flood, fire, drought, cyclones, earthquake and similar events or disasters that may have, or had, a significant impact on individuals, regions or industries.

Court caused delay

Including impeded access to records and bank account (for example records seized and bank accounts frozen during legal proceeding).

Reviewing a levy/penalty waiver decision

If you are not satisfied with a waiver decision ASIC has made, you can request a review of our decision by submitting a further waiver application, together with any additional information or evidence to support your application. ASIC will respond with a decision within 30 business days of receipt of the waiver application. Late payment penalties will be suspended while the waiver application is being considered.

If you are dissatisfied with the results of ASIC’s review you can a make an application to the Administrative Review Tribunal (ART) for a review.

Industry funding refunds

You can request a refund if you have accidently overpaid. Generally, we will provide a refund in the same way you made payment. If you haven't received your refund within 21 days of your request, please contact us online.

If you overpaid the full levy notice amount using BPAY

You'll need to contact your financial institution (e.g. bank) to reverse any BPAY payments made to ASIC.

If you overpaid part of the levy notice amount using BPAY

You can contact us online if you would like your payment refunded.

Include the following details:

  • the industry funding levy notice number
  • the entity name that the payment was made to and their ACN/ABN
  • contact details (full name, phone number, postal address, and email)
  • Bank statement displaying account name, BSB and account number
  • date payment was made
  • amount to be refunded and
  • proof of payment (e.g. copy of bank statement).

If you want a refund by EFT

You can contact us online if you would like your payment refunded by EFT.

Include the following details:

  • the industry funding levy notice number
  • the entity name that the - payment was made to and their ACN/ABN
  • contact details (full name, phone number, postal address, and email)
  • Bank statement displaying account name, BSB, and account number
  • date payment was made
  • amount to be refunded and
  • proof of payment (e.g. copy of bank statement).