Portfolio: Treasury
https://asic.gov.au
$914M
2026-27 Budget (Budget Paper No. 4)$550M
2024-25 Total Revenue1,950
Headcount (2024-25)Material upward shift in 2026-27 funding (+6.2%, $53M change). 2025-26 estimated actual $861M → 2026-27 budget $914M. Source: Budget Paper No. 4, Agency Resourcing tables.
Big Data, Timely Insights (BDTI)
Australian Bureau of Statistics
Total Budget
$225M
Digital Budget
$133.1M
July 2023 — June 2030
BDTI Phase 2 provides a pathway off legacy ICT systems, ensuring the Australian Bureau of Statistics maximises the reuse of new tools and lessons across the organisation. The project involves rebuilding and securing the Consumer Price Index (CPI) ICT system, delivering a complete monthly measure of the CPI, building the business statistics production process in the cloud, replacing the legacy Business Register with an expanded Business Characteristics Asset in the cloud, and industrialising the Australian Bureau of Statistics cloud environment. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges.
Counter Fraud Program (Protecting against fraud and strengthening system integrity)
Australian Taxation Office
Total Budget
$187M
Digital Budget
$68.4M
July 2024 — June 2028
The Counter Fraud Program will strengthen the Australian Taxation Office’s ability to prevent, detect, contain and bring consequence to fraud and financial crime against the tax and superannuation systems.
Foreign Investment Digital Transformation (FIDT) Program
Department of the Treasury
Total Budget
$70M
Digital Budget
$68.8M
September 2020 — June 2025
The Treasury is undertaking a transformation program to support the government’s foreign investment framework and replace the current Foreign Investment Management System. This program will deliver a fully functional end-to-end case management system, a register of foreign ownership of Australian assets, and an improved analytics capability. On 25 June 2025, the FIDT Program was formally closed following the successful delivery of all approved program outcomes. As part of the program closure, Treasury successfully transitioned the capabilities into ongoing sustainment and support.
Payday Super Program
Australian Taxation Office
Total Budget
$403.3M
Digital Budget
$262.2M
September 2024 — June 2028
The Payday Super project will address the systemic issue of unpaid and underpaid super guarantee by employers, by moving the obligation to pay from a quarterly to payday cycle. The Australian Taxation Office is building and improving data matching capabilities to match employers’ payroll data with super contribution data, providing it with near real-time visibility as to whether employers have met their obligations. The government will also redesign the super guarantee legislation in line with the move to payday super. Penalties and charges will reflect the serious nature of unpaid or underpaid super guarantee and will be recalibrated to encourage prompt rectification of non-payment with scalable consequences to deter severe or repeated non-compliance. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges. The delivery confidence of the program has improved following the passage of legislation in November 2025.
RegistryConnect Program
Australian Securities and Investments Commission
Total Budget
$361.5M
Digital Budget
$288.4M
November 2023 — June 2030
The Australian Securities and Investments Commission (ASIC) RegistryConnect Program will deliver reliable, secure, trusted and efficient registry services to support the economy for the benefit of all Australians. The program’s objectives include: stabilising Registry technology to increase the security, reliability and performance of ASIC registers; modernising and uplifting the registers, user channels and interfaces; improving the quality and integrity of registry data; achieving policy and law reform; and developing enduring capabilities.
2026 Census - Addressing Risks and Delivering a High Quality, Trusted Census
Australian Bureau of Statistics
Total Budget
$726M
Digital Budget
$164.4M
January 2022 — December 2027
The Census and Statistics Act 1905 requires the Australian Bureau of Statistics to conduct a Census every 5 years. The Census provides the base for official counts of Australians and the dwellings they live in. It is a snapshot of the economic, social and cultural make-up of the nation, and tells the story of how Australia is changing over time.
Better Targeted Superannuation Concessions (BTSC)
Australian Taxation Office
Total Budget
$51.4M
Digital Budget
$28.6M
July 2023 — September 2027
The BTSC measure aims to reduce tax concessions for individuals with a total superannuation balance exceeding $3 million, effective from 1 July 2026. This project is enabling the delivery of this measure with first assessments expected to be issued in the second half of 2027–28.
Cyber Digital Transformation X (Cyber DTx)
Australian Securities and Investments Commission
Total Budget
$45.5M
Digital Budget
$45.5M
July 2024 — June 2028
The Cyber DTx Initiative will enhance existing cyber capabilities to secure ASIC’s existing and future networks, systems and data. The program will deliver a range of capabilities that secure ASIC regulatory systems and uplift maturity against the Cyber Essential Eight Maturity Model.
Data Acquisition Modernisation Program
Australian Bureau of Statistics
Total Budget
$98.1M
Digital Budget
$50.8M
January 2025 — June 2027
The Australian Bureau of Statistics Data Acquisition Modernisation program aims to: • improve the digital experience for key surveys and allow for modern, accessible, and secure data collection processes • transform and modernise the Australian Bureau of Statistics contact centre to improve the experience for our customers and staff • continue to modernise and replace legacy IT systems by transitioning key products and processes to a secure and scalable cloud environment.
Data and Technology Program – Governance Uplift and Investment in Data Enablement (GUIDE)
Australian Prudential Regulation Authority
Total Budget
$73.2M
Digital Budget
$38M
July 2024 — June 2028
The GUIDE program is a multi-year strategic investment in data capabilities and security position of the Australian Prudential Regulation Authority (APRA), including APRA’s supervision management system. By investing in data governance, security and infrastructure, the program aims to ensure that APRA can continue to effectively fulfil its mandate, mitigate risks and support the stability and resilience of the Australian financial system.
Implementation of a Global and Domestic Minimum Tax (Pillar 2)
Australian Taxation Office
Total Budget
$110.5M
Digital Budget
$33.6M
July 2023 — June 2028
The Global Minimum Tax and Domestic Minimum Tax are part of a coordinated effort to address tax challenges arising from the digitalisation of the economy. Australia, along with more than 130 other jurisdictions, agreed to a statement that set out the framework for Pillar 2 (the Global Anti-Base Erosion [GloBE] Model Rules). Implementing Pillar 2 will further strengthen Australia’s ability to address multinational tax avoidance. The investment provides the Australian Taxation Office with the means to ensure resources are available for the ICT and data requirements to implement and administer this measure, as well as ensuring a strong ongoing compliance, advice and education focus to support the in-scope population. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges.
Modernisation of Tax Administration systems (MTAS)
Australian Taxation Office
Total Budget
$87.9M
Digital Budget
$69.7M
January 2025 — June 2029
Improvements to Australian Taxation Office systems will reduce compliance costs on an ongoing basis for trustees, beneficiaries and tax agents – making lodgement easier and enabling the vast majority of trust tax returns to be lodged electronically. The improvements will also enable prefill of trust income for beneficiaries, in the same way salary and wages, bank interest and other types of income are currently prefilled. Prefill capability will be enhanced by proposed legislative amendments that require trustees to report the Tax File Numbers of beneficiaries on the trust income tax return’s Statement of Distribution when they have an entitlement to trust income.
National Anti-Scam Centre (NASC)
Australian Competition and Consumer Commission
Total Budget
$80.5M
Digital Budget
$42.7M
July 2023 — June 2026
The NASC is a world-leading initiative to make Australia the hardest country for scammers to victimise citizens in. It will disincentivise scammers from targeting Australia and result in significantly less scam attempts.
Critical Minerals Production Tax Incentive
Australian Taxation Office
Total Budget
$12M
Digital Budget
$2M
June 2024 — December 2029
The Critical Minerals Production Tax Incentive were announced in the 2024–25 Budget under the measure, Future Made in Australia – Making Australia a Renewable Energy Superpower. The Australian Taxation Office is responsible for assessing tax claims under this project, including assessing payment eligibility, and processing tax payments, in consultation with Department of Industry, Science and Resources.
Cyber Security Program (previously Building Cyber Resilience)
Australian Taxation Office
Total Budget
$136.4M
Digital Budget
$136.4M
January 2018 — December 2026
The program focuses on uplifting Cyber Essential Eight Maturity to Level 2, providing fit-for-purpose security services to protect the Australian Taxation Office’s digital ecosystem. The program’s outcomes will increase the Australian Taxation Office’s cyber maturity by delivering enhanced cyber capabilities and technologies.
Hydrogen Production Tax Incentive
Australian Taxation Office
Total Budget
$9.5M
Digital Budget
$4.8M
June 2024 — December 2029
The Hydrogen Production Tax Incentive were announced in the 2024–25 Budget under the measure, Future Made in Australia – Making Australia a Renewable Energy Superpower. The Australian Taxation Office is responsible for assessing tax claims under this project, including assessing payment eligibility, and processing tax payments, in consultation with the Clean Energy Regulator.
Payment Times Reporting Scheme (PTRS) - ICT Infrastructure rebuild
Department of the Treasury
Total Budget
$8.9M
Digital Budget
$8.9M
July 2024 — June 2026
This ICT infrastructure rebuild supports improved reporting following reforms to the Payment Times Reporting Scheme. A modern portal will streamline and reduce the regulatory burden of reporting, and the public will be able to search and interrogate payment times information, including the best and worst paying large businesses using new dashboards. Increasing the transparency of large businesses’ payment performance towards their small business suppliers can incentivise fairer and faster payments to small business.
The citizen cohorts and life-event journeys that touch this department, drawn from the department_links mapping in the citizen-voice-journeys corpus.
8 tagged
Reform proposals on YourGov that name this department as a delivery partner — drawn from citizen voice, government strategy, research, international examples and gap analysis.
STRATEGY SUMMARY
To monitor and promote market integrity and consumer protection in the Australian financial system
VISION
“A fair, strong and efficient financial system for all Australians”
Corporate Plan 2025-26 · p.11PURPOSE
To monitor and promote market integrity and consumer protection in the Australian financial system
Corporate Plan 2025-26 · p.7Strategic priorities
· 5
Improve Drive better outcomes for consumers and small business, with a focus on: credit and financial hardship, dispute
Improve Drive better outcomes for consumers and small business, with a focus on: credit and financial hardship, dispute resolution, scams, insurance, and trusted financial education through ASIC’s Moneysmart
Corporate Plan 2025-26 · p.14Support better Drive better outcomes for Australians planning for and in retirement, with a focus on: superannuation mem
Support better Drive better outcomes for Australians planning for and in retirement, with a focus on: superannuation member services, retirement outcomes, and exploitation of superannuation savings
Corporate Plan 2025-26 · p.18Strengthen market disclosure and professional conduct by ASIC-regulated professionals, with a focus on: financial report
Strengthen market disclosure and professional conduct by ASIC-regulated professionals, with a focus on: financial reporting, climate reporting, auditors, and director conduct
Corporate Plan 2025-26 · p.19Outcomes
· 1
Outcome 1: Improved confidence in Australia’s financial markets through promoting informed investors and financial consumers, facilitating fair and efficient markets and delivering efficient registry systems
ASIC operates under one outcome statement.
KEY ACTIVITIES
Values
· 4
Monitor and promote market integrity and consumer protection
Enforce the law effectively and with minimal procedural requirements
Promote confident and informed participation of investors and consumers in the financial system
Take whatever action we can, and which is necessary, to enforce and give effect to the law
Performance measures
· 4
| Code | Measure | Target 2025-26 | Latest result | Status |
|---|---|---|---|---|
3.1 | Percentage of company and business name registration applications determined within target | Equal to or greater than 90% of applications determined within target Corporate Plan 2025-26 · p.29 | N/A Annual Report 2025 · p.261 | Not achieved |
3.2 | Percentage of AFS licence applications determined within target | 70% within 150 days, and 90% within 240 days, of receiving a complete application Corporate Plan 2025-26 · p.29 | N/A Annual Report 2025 · p.261 | Not achieved |
4.1 | Number of visits to ASIC’s Moneysmart website | Establish a baseline in 2025–26 Corporate Plan 2025-26 · p.30 | 11.7m Annual Report 2025 · p.261 | Achieved |
5.1 | Percentage of refunds of unclaimed money paid to successful claimants | Equal to or greater than 80% of unclaimed money applications completed within 60 days Corporate Plan 2025-26 · p.30 | Equal to or greater than 80% of unclaimed money applications completed within 60 days Annual Report 2025 · p.261 | Achieved |
Source documents
· 11
2025
Full report (PDF 5.1 MB)
Open
2023-24
Full report (PDF 6.6 MB)
Open
2022-23
Full report (PDF 4.2 MB)
Open
2021-22
Full report (PDF 3.8 MB)
Open
2020-21
Full report (PDF 4.5 MB)
Open
2025-26
Corporate Plan 2025-26 - (PDF 3.2 MB)
Open
2024-25
ASIC Corporate Plan 2024-25 (PDF 12.5 MB)
Open
2023-24
ASIC Corporate Plan 2023-27 (Focus 2023-24) - (PDF 4.5 MB)
Open
2022-23
ASIC Corporate Plan 2022-26 (Focus 2022-23) - (PDF 2 MB)
Open
2021-22
ASIC Corporate Plan 2021-25 - Focus 2021-22 - (PDF 1.25MB)
Open
2014-15
ASIC's Strategic Outlook 2014-15 - (PDF 1.4MB)
Open
Ideas distilled from this entity's strategy & evidence
· 8
Accelerate AFS Licence Application Processing
Introduce a fast-track processing pathway for AFS licence applications that meet all regulatory criteria to reduce the average processing time from 240 days to 120 days.
2025.pdf
Implement Advanced Digital Surveillance Tools
Adopt advanced AI-driven surveillance tools to enhance real-time monitoring of market activities and detect anomalies more efficiently.
2025-26.pdf
Boost Engagement on Moneysmart Website
Increase visitor engagement on the Moneysmart website by introducing interactive financial education modules and regular updates on financial trends.
2025-26.pdf
Optimise Refund Processing for Unclaimed Money
Streamline the refund process for unclaimed money to reduce the average processing time from 60 days to 30 days.
2025.pdf
Adopt Global Best Practices in Regulatory Oversight
Integrate globally recognised best practices in regulatory oversight to enhance the effectiveness and efficiency of ASIC’s regulatory functions.
association-worldbank.org-governance.txt
Enhance Risk Assessment Tools
Upgrade risk assessment tools to incorporate real-time data analytics and predictive modelling to better anticipate and mitigate systemic risks.
2025-26.pdf
Develop Comprehensive Compliance Checklist
Create a detailed compliance checklist for financial service providers to ensure adherence to regulatory requirements, reducing the need for extensive audits.
2025-26.pdf
Launch Unclaimed Money Awareness Campaign
Initiate a nationwide campaign to educate the public about unclaimed money and encourage them to claim their entitlements, leveraging social media and community outreach.
2025.pdf
Accelerate AFS Licence Application Processing
Introduce a fast-track processing pathway for AFS licence applications that meet all regulatory criteria to reduce the average processing time from 240 days to 120 days.
2025.pdf
Implement Advanced Digital Surveillance Tools
Adopt advanced AI-driven surveillance tools to enhance real-time monitoring of market activities and detect anomalies more efficiently.
2025-26.pdf
Boost Engagement on Moneysmart Website
Increase visitor engagement on the Moneysmart website by introducing interactive financial education modules and regular updates on financial trends.
2025-26.pdf
Optimise Refund Processing for Unclaimed Money
Streamline the refund process for unclaimed money to reduce the average processing time from 60 days to 30 days.
2025.pdf
Adopt Global Best Practices in Regulatory Oversight
Integrate globally recognised best practices in regulatory oversight to enhance the effectiveness and efficiency of ASIC’s regulatory functions.
association-worldbank.org-governance.txt
Enhance Risk Assessment Tools
Upgrade risk assessment tools to incorporate real-time data analytics and predictive modelling to better anticipate and mitigate systemic risks.
2025-26.pdf
Develop Comprehensive Compliance Checklist
Create a detailed compliance checklist for financial service providers to ensure adherence to regulatory requirements, reducing the need for extensive audits.
2025-26.pdf
Launch Unclaimed Money Awareness Campaign
Initiate a nationwide campaign to educate the public about unclaimed money and encourage them to claim their entitlements, leveraging social media and community outreach.
2025.pdf
Legislation administered
· 11
2001
Australian Securities and Investments Commission Act 2001
ASIC administers this Act to regulate the financial services and consumer credit sectors in Australia.
2011
Business Names Registration Act 2011
ASIC administers this Act to regulate business names in Australia.
2001
Corporations Act 2001
ASIC administers this Act to regulate corporations, financial services, and consumer credit in Australia.
2023
Financial Accountability Regime Act 2023
ASIC administers this Act to establish a framework for financial accountability.
1984
Insurance Contracts Act 1984
ASIC administers this Act to regulate insurance contracts in Australia.
2009
National Consumer Credit Protection Act 2009
ASIC administers this Act to protect consumers in the credit industry.
2003
Medical Indemnity (Prudential Supervision and Product Standards) Act 2003
ASIC administers parts of this Act related to medical indemnity.
1997
Retirement Savings Accounts Act 1997
ASIC administers parts of this Act related to retirement savings accounts.
1993
Superannuation Industry (Supervision) Act 1993
ASIC administers this Act to regulate the superannuation industry.
Source library
· 16
5.2MB
2025.pdf
18.9MB
2023-24.pdf
4.3MB
2022-23.pdf
3.9MB
2021-22.pdf
4.1MB
2020-21.pdf
3.3MB
2025-26.pdf
12.8MB
2024-25.pdf
4.6MB
2023-24.pdf
1.9MB
2022-23.pdf
1.3MB
2021-22.pdf
687KB
asic-2025-annual-report-front-section.pdf
532KB
asic-2025-annual-report-ch-1-yearinreview.pdf
Bodies within the Treasury portfolio
Royal Australian Mint
Non-corporate Commonwealth Entity
Reserve Bank of Australia
Corporate Commonwealth Entity
Productivity Commission
Non-corporate Commonwealth Entity
Office of the Australian Accounting Standards Board
Non-corporate Commonwealth Entity
Office of the Auditing and Assurance Standards Board
Non-corporate Commonwealth Entity
National Competition Council
Non-corporate Commonwealth Entity
Inspector-General of Taxation
Non-corporate Commonwealth Entity
Commonwealth Grants Commission
Non-corporate Commonwealth Entity
Australian Taxation Office
Non-corporate Commonwealth Entity
Australian Reinsurance Pool Corporation
Corporate Commonwealth Entity
Australian Prudential Regulation Authority
Non-corporate Commonwealth Entity
Australian Office of Financial Management
Non-corporate Commonwealth Entity