The Government is seeking comments on proposed amendments to the ASIC market supervision cost recovery arrangements for the period from 1 July 2015 to 30 June 2016, which will enable the Government to recover over the period costs incurred by ASIC in the performance of its market supervision functions.
Comments are sought on a draft Cost Recovery Implementation Statement (CRIS) compiled by ASIC. The draft CRIS explains in detail the proposed changes to the specific amounts charged and the manner in which the charges are calculated.
While the methodology for calculating the fees has not changed since the previous CRIS, the fee amounts have changed as a result of changes in ASIC’s cost recovery budget and resourcing allocations. A full schedule of fee amounts is provided in the draft CRIS.
The CRIS will be finalised following conclusion of this consultation. Accordingly, the fee amounts in the Corporations (Fees) Regulation 2001 (the Regulations) will be amended. Subject to the appropriate approvals by the Government, it is proposed that amendments are made to the Regulations in time for the new arrangements to apply from 1 July 2015.