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ARTICLE · 12 OCTOBER 2023

Your next ASIC invoice – Indicative costs ASIC's 2022-2023 regulatory levies released

Sophie Grace Pty Ltd
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ASIC expects to recover its costs from various regulated subsectors using industry funding levies and fees for service.

AustraliaFinance and Banking
Leah Li
Leah Li
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ASIC has released the indicative levy amounts for the 2022-23 financial year. The Cost Recovery Implementation Statement (CRIS) details ASIC's costs and how these costs are allocated to participants in the financial services and credit industries. We encourage all AFSL and Australian Credit Licence holders to:

  1. Review the CRIS for their estimated levy; and
  2. Update their cash flow projections and budgets in anticipation of the invoice from ASIC in January 2024.

How much are you likely to pay?

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What do the levies pay for?

ASIC's budget is set by the Australian Government. ASIC is required to outline how it intends to recover its costs from various regulated subsectors using industry funding levies and fees for service based on transaction-based activities.

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