Australian Securities & Investments Commission issues 2024-25 cost recovery statement estimating industry funding levies at AUD 349.3 million

The Australian Securities & Investments Commission (ASIC) issued its 2024-25 Cost Recovery Implementation Statement setting out how it expects to recover regulatory costs from industry under the industry funding model, with total estimated recoverable costs of AUD 349.3 million. The estimate is 6% higher than the AUD 328.1 million recovered in 2023-24 and is attributed to additional funding for priorities including implementation of the scams prevention framework, mandatory climate-related financial disclosures, beneficial ownership transparency reforms, and upgrades to ASIC’s data capability and cyber security. The statement provides estimated regulatory costs and levies for each of ASIC’s 52 regulated subsectors and explains “material” variances across 16 subsectors, defined as differences of more than 10% and more than AUD 1 million between this year’s estimated costs and last year’s actual costs. ASIC noted the figures are indicative only, with final levies due to be published in December 2025 and invoiced between January and March 2026.