The Australian Securities and Investments Commission announced the factors it will consider in assessing the costs of an investigation against any respondent against whom it has prevailed in an enforcement proceeding. These factors include the degree of culpability and degree of cooperation of the respondent, and the likely effect on victims. Under Australian law, where ASIC has prevailed in an enforcement proceeding, it may assess against a respondent the salary costs of staff that conducted the relevant investigation, travel expenses and the costs of external legal counsel and experts.