FINSIA Submission in Response to the review of Australian Securities and Investments Commission (ASIC) Industry Funding Model (IFM)

Broadly speaking, FINSIA agrees that it is appropriate to review the IFM at this point, given it has been in place since 2017. 

While it is our opinion that the current model which ensures ASIC’s regulatory activities are paid for by those creating the need for regulation rather than taxpayers is appropriate and should continue, it is also our view that aspects of the current system need to be reviewed.