ASIC industry funding
- Cost Recovery Implementation Statement 2021-22 - for feedback
- ASIC Regulatory Portal now closed for the 2020-21 annual reporting cycle
- Estimating next year's invoice
- Background information about industry funding
- More information
Cost Recovery Implementation Statement 2021-22 - for feedback
ASIC has published its draft Cost Recovery Implementation Statement (CRIS) for 2021-22 (see 22-130MR). 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.
- Cost Recovery Implementation Statement 2021-22 (for feedback)
- Summary of 2021-22 indicative levies (PDF 96 KB)
ASIC Regulatory Portal now closed for the 2020‑21 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 2020-21 financial year. This was done via the ASIC Regulatory Portal.
Lodgements closed on 23 September 2021.
ASIC used the information provided to calculate each entity's share of the regulatory costs for the previous financial year.
Industry funding invoices to recover ASIC’s FY 2020-21 regulatory costs were issued in January 2022.
Publications relating to ASIC’s FY 2020-21 regulatory costs:
- Summary of 2020-21 levies
- Cost Recovery Implementation Statement 2020-21
- ASIC (Supervisory Cost Recovery Levy – Regulatory Costs) Instrument 2021/0938
- ASIC (Supervisory Cost Recovery Levy-Annual Determination) Instruments 2021/0936
- ASIC (Supervisory Cost Recovery Levy-Return Deadline) Notice 2021/645
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.
