ASIC industry funding

Have you received an industry funding invoice?

Industry funding invoices to recover ASIC's FY 2017–18 regulatory costs were due for payment on 15 March 2019. Pay now to avoid late payment penalties, which apply from 1 April 2019.

ASIC Regulatory Portal account holders can log in to view and pay their entity's invoice online if they have not already done so.

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

More information about industry funding invoices

Estimating next year's invoice

ASIC has published indicative industry sector levies for 2018–19 and details on how it allocated its regulatory costs for FY 2017–18 as part of its draft Cost Recovery Implementation Statement (CRIS). Industry can use the data in the CRIS to estimate their invoice for next year, noting that the figures remain an estimate are likely to change.

More information about the CRIS and indicative levies.

Background information about industry funding

The Government’s industry funding arrangements for ASIC became law in 2017.  

This is the first year of the new regime where ASIC will recover most of its regulatory costs from regulated industries.

Industry funding was a key recommendation in the 2014 Murray Financial System Inquiry.

Developing the model was a substantial undertaking with a high level of robust engagement from industry sectors throughout the Government's consultation process.

Annual timeline 2019

January: ASIC to issue invoices.

March: invoices due for payment.

March: indicative levies published to help industry plan as part of Cost Recovery Implementation Statement.

April: penalties for late payment of invoices apply.

July-September: regulated entities required to maintain contact details and submit an annual return via the ASIC Regulatory Portal (business activity metrics).

November: Government to publish ASIC’s regulatory costs as part of two legislative instruments.

November/December: ASIC to publish its actual cost as part of Annual Dashboard Report as soon as practicable after Government’s tabling of legislative instruments.

More information

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ASIC industry funding

Industry funding: what you need to know

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Last updated: 15/05/2019 09:23