Asic unveils regulatory levies
The Australian Securities and Investments Commission (Asic) released today its annual Cost Recovery Implementation Statement (CRIS), including estimated costs for Asic's 2017-18 regulatory activities. The regulatory development is part of Asic's commitment to transparency under industry funding, which took effect on July 1, 2017. As a result of laws passed in June, those who create the need for and benefit from Asic's regulation will bear the costs, which will be recovered by levies on regulated entities.
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