ASIC has issued updated information on its cost recovery process.
According to ASIC’s industry funding model, in relation to costs associated with credit intermediaries, the anticipated recovery amount in March was $5.657m.
Spread over 5,124 credit intermediaries, this means an indicative levy of $1000 per licensee plus $14.33 per credit intermediary.
ASIC’s updated cost recovery information (December) is available at: https://asic.gov.au/about-asic/what-we-do/how-we-operate/asic-industry-funding/regulatory-costs-and-levies/
The December update in the Summary of 2018-19 levies shows a recovery amount of $6.578m.
This spread over 5,036 credit intermediaries, means a levy of $1000 per licensee plus $42.26 per credit intermediary.
ASIC is scheduled to send invoices to licensees this month.
Click here for more information on ASIC’s industry funding model.
