ASIC industry funding levy and cost recovery model
How ASIC recovers its regulatory costs from 52 industry subsectors through annual levies, and how the ex-post model is calculated each year.
How the model works
The ASIC industry funding levy and cost recovery model recovers regulatory costs from the industry sectors that ASIC regulates. This is achieved through a combination of industry funding levies and fees-for-service applied to transaction-based activities. Levies are applied across 52 subsectors.
The model operates on an 'ex-post' basis. This means that the regulatory costs for each subsector are determined after the financial year has ended, using actual reported regulatory costs.
This cost recovery model is required under the Australian Government Charging Framework.
The Cost Recovery Implementation Statement (CRIS)
The Cost Recovery Implementation Statement (CRIS) details the estimated costs and levies for each subsector for the financial year. This document is published annually by ASIC, fulfilling requirements outlined in the Australian Government Charging Framework.
The CRIS provides transparency regarding the funding model, outlining how levies are calculated and applied. Each subsector contributes levies that reflect the real cost of ASIC’s regulatory activities within that specific area.
Estimates presented in the CRIS are subject to revision. Once the actual regulatory effort undertaken is known, these figures are adjusted to ensure ongoing accuracy and alignment with the cost recovery model.
Timing and FY2026-27 funding outlook
Final levy amounts for the 2024-25 financial year will be published in December 2025 and subsequent invoices issued between January and March 2026. This process follows the established schedule for determining and collecting industry funding.
The Australian Government’s 2026-27 Budget includes an allocation of $18.5 million over four years to enhance the capabilities of both ASIC and APRA. This funding will be provided as $2.2 million per year on an ongoing basis.
It is anticipated that the costs associated with this capability uplift will be recovered through industry funding levies, and neither ASIC nor APRA are expected to receive levy relief.
Practical compliance — what licensees need to do
Licensees subject to the ASIC industry funding levy must fulfil specific reporting obligations. Each year, entities operating within a regulated subsector are required to submit business activity metrics to ASIC. This submission is made through the ASIC Regulatory Portal.
The deadline for submitting these business activity metrics is generally 27 September, occurring after the conclusion of the financial year. Licensees should ensure timely submission to avoid potential compliance action from ASIC.
Following the submission of metrics, licensees will receive levy invoices. These invoices must be paid within the timeframe detailed on the notice provided with the invoice; this timeframe is commonly 30 days.
Frequently asked
Who is exempt from the ASIC industry funding levy?
There are limited exemptions. Most regulated entities — AFS licensees, credit licensees, listed entities, registered company auditors and others — are caught in one or more of the 52 subsectors.
Can I dispute my ASIC levy?
Yes. Levies can be objected to by lodging a request for reconsideration via the ASIC Regulatory Portal, typically within 60 days of the invoice.