ASIC industry funding
- ASIC Regulatory Portal is open for the 2018-19 annual reporting cycle
- Have you received an industry funding invoice?
- Estimating next year's invoice
- Background information about industry funding
- More information
To enable ASIC to calculate invoices, organisations may be required to submit or confirm pre-filled business activity metric data on the operation of their business for the 2018-19 financial year. This will be done via the ASIC Regulatory Portal.
Instructions have already been sent out
For entities that have already registered, an email notification with instructions on how to submit your information was sent to your registered email address.
For new entities or entities that have not registered for portal access, a letter will be sent from ASIC to each regulated company's registered office address with instructions to complete the process.
ASIC will use the information in these returns to calculate an entity's share of the regulatory costs for the previous financial year.
Individuals acting on behalf of the entity
Only company directors or secretaries can perform initial entity registration in the ASIC Regulatory Portal. Once the director or secretary has registered they can then invite a trusted representative such as a company employee, a compliance officer, or a registered agent to the portal to connect to their entity and assign the required user access to view confidential information and perform regulatory tasks on behalf of the entity.
The trusted representative or registered agent, will then receive an invitation to the portal for the relevant entity and will be able to perform the required duties on behalf of the entity which they represent, including for example, the submission of industry funding business activity metrics.
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
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.
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.
- Regulatory costs & levies
- Industry funding invoices
- What industry need to do each year
- New prices for ASIC regulatory services
- Frequently asked questions
Would you like to be updated whenever ASIC publishes new material on industry funding?