Australian Securities and Investments Commission Industry Funding Model Review

AIST’s submission to Treasury supports the purpose of the Australian Securities and Investments Commission (ASIC) Industry Funding Model (IFM), which is to recover ASIC’s regulatory costs from entities in the industry sub-sectors that cause the need for regulatory effort by ASIC, rather than general taxpayers. AIST continues to advocate that ASIC should adopt a risk-based approach to levy raising.  Doing so would support the objectives of the IFM, ensuring those entities that generate regulatory action bear the cost while also encouraging compliance.