In 2016-17 ASIC raised $920 million in fees and charges for the Commonwealth, an increase of 5% from 2015-16. For more information, see our 2016-17 annual report.
Each year, we issue a statement of legal services expenditure for the previous financial year, published in compliance with paragraph 11.1 (ba) of the Legal Services Directions 2005.
ASIC industry funding
The Government has introduced new laws commencing 1 July 2017 that change the way ASIC is funded. Under the new arrangements, regulated entities will receive an invoice for ASIC’s regulatory services
delivered in the prior year.