Asic unveils regulatory levies

Sabina Peycheva, 06 October 2017

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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