On 24 May the Government introduced a number of bills to Parliament to amend the Corporations (Fees) Act 2001 (Cth), the National Consumer Credit Protection (Fees) Act 2009 (Cth), the Superannuation Auditor Registration Imposition Act 2012 (Cth) and the Superannuation Industry (Supervision) Act 1993 (Cth).

The Explanatory Memorandum in respect of the bills states that these bills will allow ASIC to better align its fees, by enabling ASIC to charge a cost reflective fee for the services it provides for a specific entity and implement the second and final phase of the Industry Funding Model for ASIC.