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Australian Securities and Investments Commission Industry Funding Model Review

This submission is made by the Financial Services Committee of the Business Law Section of the Law Council of Australia (the Committee) in response to the Discussion Paper issued on 28 September 2022 (the Discussion Paper) with respect to the Australian Securities and Investments Commission Industry Funding Model Review which was announced by the Government on 8 August 2022 (the Review).

The Committee thanks Treasury for the opportunity to comment on the Discussion Paper, for hosting roundtable discussions (some of which were attended by Committee representatives) and for the extension of time to provide this response.

The purpose of the Review is to identify any refinements to the Industry Funding Model (IFM) for the Australian Securities and Investments Commission (ASIC) that may be required to ensure that its settings remain appropriate in the longer term.

Last Updated on 08/11/2022

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