The industry funding security key is a unique number applicable to ASIC’s regulated population.
Here you will find information on what it is, how to use it and what to do if you have not received it or you have lost it.
Organisations that are regulated by ASIC need to complete an industry funding return before Thursday 27 September 2018 under the Government’s industry funding arrangements.
Industry funding commenced on 1 July 2017, requiring organisations regulated by ASIC to contribute toward the associated regulatory costs incurred in the previous financial year.
- To enable ASIC to calculate invoices, organisations must submit or confirm pre-populated business activity metric data on the operation of their business from the previous financial year. This can be done online in the ASIC Regulatory Portal.
- A letter was sent from ASIC to each regulated company’s registered office address with instructions on how to submit your business activity metrics.
- The letter included each organisation’s unique industry funding security key – this is a seven-digit number.
- ASIC will use the information in these returns to calculate an entity’s share of the regulatory costs for the previous financial year.
I have lost or didn't receive my industry funding letter and security key. Can I still register and submit my business activity metrics?
In most cases, yes. If you have a corporate key or ASIC key, you can still register.
On the registration page, select either the 'I want to link to a licence or registration I hold' or the 'I want to act on behalf of a registered company or body' tile. Complete the registration process.
If you don’t have either a corporate key or ASIC key, you will need to request another letter by contacting us.–
Only company directors or secretaries can create an account
Registering an ASIC Regulatory Portal account for your entity can only be done by company directors or company secretaries.
Once 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 them required user access to view confidential information and perform regulatory tasks on behalf of the entity - submitting industry funding business activity metrics, for example.
Small proprietary companies may not need to submit business activity metrics
Small proprietary companies that do not hold Australian Financial Services or Credit licenses will not need to visit the ASIC Regulatory Portal or submit business activity metrics. Instead, they will pay an additional $4 on top of their annual review fee. This simple fee increase aims to minimise the reporting burden on small proprietary companies.
Registered charities will not need to submit business activity metrics
The Government will absorb ASIC’s costs of regulating charities that are registered with the Australian Charities and Not-for-profit Commission and they are not required to visit the ASIC Regulatory Portal or submit business activity metrics.