ASIC today published its draft Cost Recovery Implementation Statement (CRIS) for 2020-21. The CRIS outlines ASIC’s estimated regulatory costs for 2020-21 and how these will be recovered as industry levies under the industry funding model.
The indicative levies published in the CRIS are based on our planned regulatory work and associated costs for the 2020–21 financial year. Final industry levies will be based on ASIC’s actual regulatory costs and the business metrics submitted by entities in each subsector. Final levies will be published in December 2021 and invoiced in January 2022.
Feedback on the draft CRIS can be submitted until 13 August 2021.
