Companies face levy in ASIC funding overhaul

Australia’s biggest public companies face a levy of $664,000 each under a radical overhaul of the corporate regulator’s funding that will shift the cost to those who require the most attention.

The so-called industry funding model is set to hit business with a $240 million annual bill for regulation, with levies ranging from public and private companies through to auditors and the responsible entities for investment managers and superannuation funds.

Read the full article on The Australian.

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