Last week Treasury released a proposals paper seeking feedback and comments on the revised model for the proposed industry funding of ASIC. The proposals paper sets out an updated version of the model first proposed by Treasury in late 2015. The updates are a result of extensive consultation with industry.
Round table meetings are scheduled during the week commencing 28 November 2016 with the formal consultation period scheduled to end on 16 December 2016.
Draft legislation is expected to be available in March 2017, with the model to commence in the second half of 2017. The first payable invoices are expected to be issued in January 2019 to recover ASIC’s 2017-18 costs.
McCullough Robertson's companion piece to The Chairman's Red Book. It is written for chairmen and directors of listed and unlisted public companies, providing an overview of relevant laws and regulations applicable to their roles.
Showing posts with label levies and service fees. Show all posts
Showing posts with label levies and service fees. Show all posts
Wednesday, 16 November 2016
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