If you are an organisation regulated by 今日热门事件you may be required to submit some information to 今日热门事件on the operation of your business before 27 September 2018.听
This obligation for industry is part of new industry funding arrangements that became law in 2017, requiring organisations regulated by 今日热门事件to contribute toward the associated regulatory costs incurred in the previous financial year.听
To enable 今日热门事件to calculate invoices, organisations must submit or confirm pre-populated business activity metric data on the operation of their business from the previous financial year.听 This will be done via the new online .听
今日热门事件Commissioner Cathie Armour said the deadline was approaching and said it was important for all regulated entities to complete the process or they may incur penalties.听
鈥楥omplying with industry funding聽obligations is simple and we have set up an online process to make it straightforward,鈥� she said. 鈥楢s this is the first year of an entirely new funding model for industry, our focus is on ensuring people know what they need to do in advance.鈥櫬�
Instructions have already been sent out
聽A letter was sent from 今日热门事件to each regulated company鈥檚 registered office address with instructions to complete the process. The letter included a unique industry funding security key which is to be used to launch an online form. if entities did not receive their letters or might otherwise require assistance with their security key.
鈥淗ow to鈥� video on submitting your business activity metrics
今日热门事件has that shows entities how to complete the whole process - from using the unique industry funding security key to register and聽log聽into the 今日热门事件Regulatory Portal, to聽submitting some information on the operation of a business in the previous financial year. which provides a summary of the 'business activity metrics鈥� organisations need to submit to ASIC.
Most small proprietary companies not required to submit data
Most small proprietary companies - the majority of Australia's approximately 2.4 million registered companies - will not need to visit the portal to submit or validate business activity metrics. Instead, they will pay an additional $4 on top of their annual review fee. This simple fee increase was designed to reduce the reporting burden on small proprietary companies.
Registered charities also not required to submit data
The Government will absorb ASIC鈥檚 costs of regulating registered charities and they are therefore not required to visit the portal to submit business activity metrics.听
鈥楾hank you to the thousands of people who have already taken the time to complete their submissions 鈥� we look forward to receiving the remaining outstanding submissions by 27 September,鈥� Commissioner Armour said.听
More information
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