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On June 20, 2025, the Australian Securities and Investments Commission (ASIC) issued its 2025-26 Cost Recovery Implementation Statement (CRIS), which outlines how ASIC will recover regulatory costs from industry under the industry funding model. For the 2025-26 financial year, ASIC's total estimated recoverable costs are $400.5 million, representing a 19 percent increase from the $337.6 million recovered in 2024-25. The increase reflects additional funding for ASIC's regulatory, supervision and enforcement work, along with the timing of expenditure. The CRIS provides estimated regulatory costs and levies for each of ASIC's 52 regulated subsectors to help entities plan and budget for levies and fees to be charged. The statement's figures are a guide only, with final levies to be published in December 2026 and invoiced between January and March 2027. ASIC has also simplified its CRIS webpages to make key information easier to locate and interpret. Under Australia's industry funding model, entities regulated by ASIC receive an annual invoice for ASIC's regulatory services. The levies entities pay reflect ASIC's costs of regulating the subsectors they operate in. This model ensures that costs of regulatory activities are borne by the entities ASIC regulates, rather than Australian taxpayers. ASIC details how its costs will be recovered from each regulated subsector through industry funding levies and via fees for service each year. Entities should use the estimated levies to plan and budget accordingly. ASIC and Treasury maintain a five-yearly consultation process with industry to examine policy settings within the industry funding model, following recommendations from the 2023 Review of ASIC's Industry Funding Model. REFERENCES: Australian Securities and Investments Commission (2025). ASIC releases estimated industry funding levies for 2025-26. Available at: https://asic.gov.au/