How the industry funding model works

Each financial year, ASIC calculates costs and levies to be paid by the industry subsectors we regulate. They are separate from fees for service.

Overview of ASIC’s industry funding model

During June to July, ASIC publishes the Cost Recovery Implementation Statement (CRIS). This shows the estimated costs and industry funding levies for each industry subsector for the financial year just ending.

The levies published in the CRIS are a guide only. They are based on:

• actual costs incurred from July to December of the financial year just ending
• estimated costs for the rest of that financial year (January to June)
• the estimated population and business activity metrics for each subsector.

Levy notices for entities are issued between January and March the following financial year, and show the actual levies. The actual levies are calculated based on:

• the actual cost of regulating each subsector in the financial year just ended, so that each industry subsector is only charged for the actual costs of regulating that subsector
• the actual business activity metrics submitted by regulated entities on the ASIC Regulatory Portal between July and September of the following financial year.

Industry funding model timeline