Industry funding invoices

Industry funding invoices to recover ASIC's FY 2017-18 regulatory costs were issued in January 2019. Your invoice contains the total amount to pay and your payment options.

ASIC Regulatory Portal account holders can log in to view their entity's invoice online. 

ASIC has notified portal users by email that their invoice is ready for payment:

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

When to pay

ASIC industry funding invoices are due for payment by 15 March 2019.

How to pay

The payment options outlined on your invoice include BPAY and Electronic Funds Transfer.

BPAY

Use the BPAY details provided on your invoice 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 invoice 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 identity 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: epaymentenquiries@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 using the ASIC Regulatory Portal is only available if you received your invoice online. Portal account holders can log in to their portal account to view their industry funding invoice 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.

Details on applying for an industry funding payment plan. 

If you don't pay

There are penalties for late payment of industry funding levies, which are calculated and charged for each month after the payment deadline. The late payment penalty is calculated as 20% per annum of the overdue levy amount.

For example, if the overdue amount is $391, a late payment penalty of $6.52 will be added each month to the total amount payable ($391 x 20% / 12 months = $6.52 per month).

Should the outstanding balance remain unpaid, ASIC may deregister the entity.

Applying for a levy or penalty waiver

We will only consider waiving a levy or penalty in exceptional circumstances when there were issues beyond the control of all representatives of the entity.

Details on applying for an industry funding levy or penalty waiver.

Invoice FAQs

Visit our frequently asked questions page for more information about industry funding invoices.

ASIC industry funding

Industry funding: what you need to know

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Last updated: 14/02/2019 12:29