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ARTICLE · 29 SEPTEMBER 2018

Deadline - ASIC regulated entities must submit their business activity metrics now

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The industry funding model allows ASIC recover its regulatory costs from industry through levies and fees-for-service.

AustraliaFinance and Banking
Darren Pereira
Darren Pereira
Rebecca Kazzi
Rebecca Kazzi
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The deadline for organisations regulated by ASIC to comply with new industry funding laws is here - organisations have until Thursday 27 September 2018 to submit their 'business activity metrics' through the new ASIC Regulatory Portal. The information submitted will then determine the levy imposed on the organisation by ASIC.

The required metrics and applicable levies will differ depending on the entity and industry sector(s) in which the entity operates. For example, large private companies, company auditors and unlisted public companies may pay flat levies, while listed companies, liquidators and credit providers may pay graduated levies. Most small proprietary companies and registered charities are not required to comply.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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