This submission process by the Treasury seeks stakeholder views on the draft legislation necessary to support the industry funding model (the model), which will recover Australian Securities and Investments Commission’s (ASIC’s) regulatory costs though annual levies and fees-for-service. There are three Bills for consideration, the:

  • ASIC Supervisory Cost Recovery Levy Bill 2017;
  • ASIC Supervisory Cost Recovery Levy (Collection) Bill 2017;
  • ASIC Supervisory Cost Recovery Levy (Consequential and Transitional) Bill 2017; as well as
  • accompanying explanatory materials.

The submission will close on Friday 10 March 2017. More details is available here.

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