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Government launches review of ASIC funding model
InvestorDaily
The current industry funding model has been in place for five years. The federal government has announced it has commenced a review of the ASIC industry funding model (IFM) that commenced in July 2017. Treasury will lead the review in consultation with ASIC, the Department of Finance and the Department of the Prime Minister and Cabinet.
According to the government, the review will be forward looking and focused on identifying any changes to the IFM that may be required to ensure the settings remain appropriate. “It is appropriate to review the IFM at this point given it has now been in place for five years, and over this period there has been substantial regulatory and structural changes within industry sectors resulting in increased cost pressures within certain sub-sectors,” the review’s terms of reference state. A number of issues fall under the scope of the review, which will each be considered and recommendations made where appropriate.
The rest of this article can be found at investordaily.com.au.
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