ASIC industry funding

ASIC Regulatory Portal now closed for the 2021-22 annual reporting cycle 

To enable ASIC to calculate invoices, entities were required to submit or confirm pre-filled business activity metric data on the operation of their business for the 2021-22 financial year. 

Lodgements were required to be submitted between 26 July 2022 to 27 September 2022. 

Cost Recovery Implementation Statement 2021-22

ASIC has published its Cost Recovery Implementation Statement (CRIS) for 2021-22 (see 22-285MR). The CRIS outlines ASIC’s estimated regulatory costs for 2021-22 and how these will be recovered as industry levies under the industry funding model.

Estimating your invoice

ASIC publishes indicative levies to give those regulated under industry funding laws an indication of what actual levy costs to expect. The indicative levies each year will be our best estimate based on information available to us. 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 was 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.

More information

Last updated: 15/12/2022 11:39