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ASIC CRIS has been released for regulated entities

Tuesday 10 October 2017


Last week the the Australian Securities and Investments Commisssion (ASIC) released their Cost Recovery Implementation Statement  (CRIS).

The statement includes the the regualtors’s 2017-2018-regualtory activities.

According the CRIS, 246.4 million of the $387.7 milion, which was the total budgetted resources for ASIC, will be recovered through levies on the regualted entities.

The CRIS is part of ASIC's commitment to transparency under industry funding, which took effect on 1 July 2017.  As a result of laws passed in June, those who create the need for and benefit from ASIC’s regulation will bear the costs, which will be recovered by levies on our regulated entities.

The CRIS will explain how the costs will be allocated between the 48 subsetors for which ASIC is reponsible.

The  method of calculating the levies was developed in the since the consultation in 2015 and 2016.

The final CRIS is expected to be  published in 2018.