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ASIC Industry Funding

The submission to the Treasury in relation to the Consultation Paper "Proposed Industry Funding Model of the Australian Securities and Investments Commission" was prepared by the Corporations Committee of the Business Law Section. 

The Corporations Committee continues to hold the general views expressed in its submission dated 21 October 2015. While the Corporations Committee supports the development of a user pays funding model, it does not believe that the inclusion of enforcement costs in that model is appropriate from a policy perspective.

Enforcement activities are a public good and should not be imposed on industry generally. To the extent the Corporations Committee’s views on this issue are not accepted, it makes the following supplementary submissions:

You can read the full submission below. 

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