÷ÈÓ°Ö±²¥

media release (18-209MR)

New prices for ÷ÈÓ°Ö±²¥ regulatory services

Published

The fees ÷ÈÓ°Ö±²¥ charges for specific regulatory activities have changed to reflect the actual cost to ÷ÈÓ°Ö±²¥ associated with the work. In most cases this has resulted in a fee increase.

The Government passed required legislation on 28 June 2018. New pricing is effective 4 July 2018.

ASIC's ‘fees for service’ impact a range of industry stakeholders including Australian credit licensees, Australian financial services (AFS) licensees, market infrastructure providers, responsible entities, registered liquidators, and companies. The fees – some of which are tiered - apply to specific regulatory activities requested by a single entity including:

  • licensing and professional registrations 
  • processing applications for relief 
  • requests for changes to market operating rules, and 
  • ASIC’s formal compliance review of documents lodged under the Corporations Act.

The previous fees for these activities did not reflect their actual cost to ÷ÈÓ°Ö±²¥ and the Government undertook several rounds of consultation with industry to get feedback on the changes.

Fees for service: part of industry funding 

New industry funding laws that changed the way ÷ÈÓ°Ö±²¥ was funded took effect on 1 July 2017. While around 90% of ÷ÈÓ°Ö±²¥â€™s regulatory activities will now be recovered in the form of industry funding levies, the remaining 10% will be recovered via fees for service. ÷ÈÓ°Ö±²¥â€™s Cost Recovery Implementation Statement (CRIS) - Fees for service, provides information about how ÷ÈÓ°Ö±²¥ will implement fees for service under industry funding.〶Ä

More information 

Fees for service.〶Ä

ASIC industry funding arrangements.