Commonwealth Numbered Regulations

ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 5

                   For the purposes of paragraph 10(4)(c) of the Act, the following amounts must not be included in the amount of ASIC's regulatory costs for a financial year:

                     (a)  the cost of operating the Superannuation Complaints Tribunal (as established under the Superannuation (Resolution of Complaints) Act 1993 );

                     (b)  the cost of operating the Companies Auditors Disciplinary Board (as established under the Australian Securities and Investments Commission Act 2001 );

                     (c)  the cost of operating a committee convened under section 40- 45 of Schedule 2 to the Corporations Act 2001 ;

                     (d)  the cost of operating and maintaining a public register kept by ASIC under the Corporations Act 2001 ;

                     (e)  the cost of regulating approved SMSF auditors (within the meaning of the Superannuation Industry (Supervision) Act 1993 );

                      (f)  the cost of preliminary investigations and reports by liquidators into the failure of a company with few or no assets;

                     (g)  if the financial year commences before 1 July 2019, the costs associated with achieving the outcome described in Budget Paper No. 2, Budget Measures 2016-17, Part 2, topic headed "Australian Securities and Investments Commission--improving outcomes in financial services".