Payment of ASIC industry funding invoices is due by 15 March 2019. Penalties apply for payment after this date - calculated at 20% per annum of the overdue amount.
Mortgage broker licensees and other credit licensees will have received an invoice.
ASIC issued invoices on 31 January 2019 either via the ASIC Regulatory Portal (to those that registered), or via mail to the registered company address.
This is the first year of the new regime where ASIC will recover most of its regulatory costs from regulated industries. The new laws took effect on 1 July 2017.
Visit ASIC’s website to find out more about industry funding here.