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Our Gender Pay Gap Employer Statement (for 2024)

Published

The Workplace Gender Equality Agency (WGEA) has published the latest gender pay gap results for Australian employers.

As at 31 December 2024, ASIC’s average total remuneration gender pay gap was 6.5%, compared to the Australian average gender pay gap of 11.5%. ASIC’s gender pay gap increased from 5.7% recorded in the previous reporting period.

Preliminary analysis suggests ASIC’s gender pay gap may have been driven by several factors:

  • ASIC’s overall pay gap outcomes in 2024 were influenced by gender representation across different role levels, with women having greater representation in lower paid roles.
  • Starting pay and pay progression practices may have contributed to differences in average earnings and are a focus of ongoing review.
  • Variations in pay outcomes for employees in similar roles and performance categories had been identified, with further analysis underway to better understand the circumstances and impact on pay gap.
  • At more senior levels, the pay gap was lower than the average and trending down but some pay differences remained, and further action is being considered to build on the rebalancing already undertaken.
  • Certain pay mechanisms and employment arrangements may have had an impact on average pay outcomes and are being examined to ensure consistency and equity.
  • Updates to WGEA’s reporting requirements required the inclusion of the ASIC Chair salary for the first time, impacting the overall gender pay gap.

Although a like-for-like comparison with the previous year’s data was difficult due some changes to WGEA’s reporting framework, ASIC is committed to equitable remuneration practices.

Approximately 56% of our workforce in 2024 was female and 52% of leadership roles were held by women.

Since 2023, ASIC has maintained a balanced executive leadership team at the Senior Executive Service level.

Our Women in ASIC committee is focused on improving gender diversity in leadership positions with a goal of 50% representation across the Senior Executive Service and Executive levels.

ASIC remains committed to advancing gender equality and is actively working to reduce the gender pay gap across the agency. Our targets in this space as part of the WGEA framework will be published shortly. 

For more information and data, see Gender pay gap data on the Workplace Gender Equality Agency (WGEA) website.