ob体育 today published its聽Cost Recovery Implementation Statement (CRIS) for 2022-23. The statement details ob体育鈥檚 estimated levies by industry subsector.
Estimated levies are a guide only. Final levies will be based on ob体育鈥檚 actual cost of regulating each subsector and the business metrics submitted by entities. Final levies will be published in December 2023 and invoiced between January and March 2024.
Background
ob体育鈥檚 budget is set by the Australian Government. ob体育 is required to detail how its costs will be recovered from each regulated subsector through industry funding levies and how transaction-based activities will be recovered via fees for service. The CRIS includes:
- an explanation of the industry funding model (IFM), including how we allocate costs to calculate the levies and fees for service
- a summary of our estimated levies by industry subsector
- detailed breakdown of our estimated costs and focus areas of our work by sector and subsector.
To address recommendations outlined in the , ob体育 and Treasury will establish a five-yearly consultation process with industry to examine the policy settings of the IFM. This will replace the annual consultation CRIS that ob体育 previously released prior to the final CRIS.