Introduction of ASIC’s Fees-for-Service under the Industry Funding Model

The Government intends to introduce an industry funding model for the Australian Securities and Investments Commission (ASIC), with the model’s Phase 2 Fees-for-service consultation paper released for stakeholder feedback.

Under the ASIC Industry Funding Model, from 1 July 2018 fees-for-service will be introduced to recover ASIC regulatory costs that are directly attributable to a single, identifiable, entity. These fees are imposed under the Corporations (Fees) Act 2001 and specified in the Corporations (Fees) Regulations 2001. Fees associated with registry activities are excluded from the scope of this proposal.

Read more

Source: The Commonwealth of Australia