ASIC industry funding
- ASIC Regulatory Portal for the 2020-21 annual reporting cycle
- Cost Recovery Implementation Statement 2020-21 - for feedback
- Estimating next year's invoice
- Background information about industry funding
- More information
To enable ASIC to calculate invoices, entities are required to submit or confirm pre-filled business activity metric data on the operation of their business for the 2020-21 financial year. This will be done via the ASIC Regulatory Portal.
Lodgements are required to be submitted between 27 July 2021 to 23 September 2021.
- ASIC (Supervisory Cost Recovery Levy-Return Deadline) Notice 2021/645
- Cost Recovery Implementation Statement 2020-21 (for feedback)
ASIC will use the information provided to calculate an entity’s share of the regulatory costs for the 2020-21 financial year.
Industry funding invoices to recover ASIC’s FY2020-21 regulatory costs will be issued between January and March 2022.
ASIC Regulatory Portal account holders will be able to log in to view and pay their entity’s invoice online.
For those not registered on the portal, the invoice will be sent via mail to the address registered with ASIC.
ASIC has published its draft Cost Recovery Implementation Statement (CRIS) for 2020-21. The CRIS outlines ASIC’s estimated regulatory costs for 2020-21 and how these will be recovered as industry levies under the industry funding model.
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.
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.