In summary, our comments were as follows:

  • The AICD supports a funding model that ensures that regulator is well funded and has the necessary financial resources to perform its regulatory and oversight role in the capital markets
  • The AICD is of the view that once the funding model has been determined, additional processes may be required to ensure ASIC manages its costs in a transparent way
  • The AICD proposes that a longer transition period be considered to enable ASIC to monitor for any unintended consequences of the changes.

To download the submission click here (1.35 MB)