Proposed industry funding model for the Australian Securities and Investments Commission

This consultation process has now been completed. Submissions available
Consultation Type
Consultation Paper

Key Documents

On 7 December 2014, the Government released the Final Report of the Financial System Inquiry, an inquiry which sets out a 'blueprint' for Australia's financial system over the coming decades.

The Financial System Inquiry for Australia's current regulatory architecture has many strong characteristics, and does not require major change. However, the Inquiry does made a number of actions to strengthen the transparency, accountability and capabilities of Australia's financial regulators. In the case of the Australian Securities and Investments Commission (ASIC), the Financial System Inquiry recommended that the Government should move to adopt an industry funding model, similar to that already in place for other Australian regulators.

The Financial System Inquiry's found that an industry funding model for ASIC could provide more funding certainty and enhance the transparency of ASIC's costs and funding.

Submissions on this consultation paper, together with the findings of the ASIC Capability Review, which is due to report to Government by the end of 2015, will assist the Government's consideration of whether to accept the Inquiry's recommendation that ASIC’s regulatory activities should be funded by industry.

Industry roundtables will also be held during the consultation period to give stakeholders an opportunity to share their views.

The Government's broader response to the recommendations of the Financial System Inquiry will be released later in 2015.


78 submissions were received for this consultation, including 15 confidential submissions.

Amirbeaggi, Ms Shabnam - pdf 81.47 KB
Anderson, Dr Helen - pdf 247.94 KB
Chi-X Australia - pdf 347.17 KB
Comino, Dr Vicky - pdf 856.64 KB
COTA Australia - pdf 388.03 KB
COTA Australia - rtf 2.33 MB
CPA Australia - pdf 127.63 KB
Deloitte - pdf 50.06 KB
Dye & Co Pty Ltd - pdf 4.08 MB
Ernst & Young - pdf 298.46 KB
Jackson McDonald - pdf 808.67 KB
Know Compliance - pdf 149.38 KB
KPMG - pdf 246.96 KB
LCH.Clearnet - pdf 108.32 KB
McGrathNicol Partnership - pdf 411.47 KB
Narrow Road Capital - pdf 230.82 KB
Nehme, Dr Marina - pdf 278.88 KB
Pitcher Partners - pdf 1.11 MB
PricewaterhouseCoopers - pdf 67.48 KB
QBE - pdf 359.53 KB
QSuper - pdf 186.1 KB
SV Partners Pty Ltd - pdf 4.89 MB
UniSuper - pdf 822.87 KB
Wren Advisers Pty Ltd - pdf 508.62 KB
Yieldbroker - pdf 468.39 KB