This consultation paper seeks comment on potential amendments to the ASIC market supervision cost recovery arrangements for the period from 1 July 2013 to 30 June 2015, which will enable the Government to recover over the 24 month period:
- costs incurred by ASIC in the performance of its market supervision functions and the implementation of market competition; and
- costs associated with the Enhanced Market Supervision (EMS) measure announced at the 2012-13 Budget to replace its integrated market surveillance system (IMSS), enhance its market surveillance and supervision systems and tools and deliver improvements to those ASIC portals and registers accessed by market participants.
All options discussed in the paper are preliminary and subject to consideration by ASIC, Treasury and the Department of Finance and Deregulation (DoFD). All options will be reviewed with regard to the Government’s cost recovery guidelines. The information provided in response to this paper will inform the final approach adopted.