The levies payable by industry sectors to recover ASIC’s FY 2017-18 regulatory costs have now been published.
Invoices will be issued in early 2019.
Examples are:
Listed corporations: Minimum levy of $4,000, plus $0.30 per $10,000 of market capitalisation above $5m. The maximum levy is $605,317 for entities with a market capitalisation of $20bn or more
Unlisted public companies: Flat levy $146
Deposit-taking and credit sector
Credit providers (including small amount credit providers): Minimum levy of $2,000 plus $0.39 per $10,000 of credit provided above $100 million (for other than small amount credit contracts)
Small amount credit providers: $8.48 per $10,000 of credit provided under small amount credit contracts
Credit intermediaries: Minimum levy of $1,000, plus $16.48 per credit representative
Financial advice sector
Licensees that provide personal advice to retail clients on relevant financial products: Minimum levy of $1,500 plus $934 per adviser
Licensees that provide personal advice to retail clients on products that are not relevant financial products: $1,905
Licensees that provide general advice only: Flat levy $592
Licensees that provide personal advice to wholesale clients only: Flat levy $547
Insurance sector
Insurance product providers: Minimum levy of $20,000 plus $2.58 per $10,000 of revenue above the $5m threshold
Insurance product distributors: Flat levy $310
Risk management product providers: $5,202