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The Australian Charities & Not-for-profits Commission (ACNC) has lodged a Submission to the “ASIC Industry Funding Levies Regulation Enhancement” Treasury Consultation. In it,the ACNC has urged Treasury to “exclude registered charities from paying the annual levy set out in the ASIC Supervisory Cost Recovery Levy Act 2017”.

The ACNC has also re-affirmed its view that the levy is “disproportionate to ASIC’s actual regulatory oversight of charitable companies”, given that the ACNC is the principal regulator of companies that are registered charities.

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