Submission

Friday, 8 June 2018

Financial Institutions Supervisory Levies 2018-19

AIST supports the improvements in the process for raising levies. However, greater transparency, accountability and fairness are needed. Firstly, any discussion paper should be released simultaneously with a Cost Recovery Impact Statement and an updated Regulator Performance Assessment. Secondly, any risk-based approach to levy raising should take into account the volume of regulator activities spent on various entities and sectors (profit-to-member; retail).