ob体育 today issued its 2023-24 Cost Recovery Implementation Statement (CRIS). The CRIS outlines estimated regulatory costs and levies for each industry subsector to help entities plan and budget for levies and fees to be charged.
ob体育 publishes this statement each year to provide information on how it implements its industry funding model, introduced by the Australian Government in 2017.
The statement鈥檚 figures are a guide only. Final levies are published in December 2024 and invoiced between January and March 2025.
Background
Regulated entities receive an invoice each year for ob体育鈥檚 regulatory services under laws introduced by the Australian Government on the back of recommendations from the Financial System Inquiry.
The levies organisations pay reflect ob体育鈥檚 costs of regulating the subsectors they operate in.
Each year ob体育 details how its costs will be recovered from each regulated subsector through industry funding levies and via fees for service.
ob体育鈥檚 industry funding model ensures that costs of regulatory activities are borne by the entities ob体育 regulates, rather than Australian taxpayers.
For more information, see:
- How the government鈥檚 industry funding model for ob体育 works
- The 2023-24 cost recovery implementation statement, which includes a summary of estimated costs and levies for industry sectors and subsectors, plus a detailed breakdown of estimated costs and focus areas for each subsector.
To address recommendations outlined in the 2023 , ob体育 and Treasury have a five-yearly consultation process with industry to examine policy settings within the industry funding model.
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ob体育 is Australia鈥檚 corporate, markets and financial services regulator.