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Federal
Non-corporate Commonwealth Entity
Finance and Treasury

Australian Securities and Investments Commission

Portfolio: Treasury

https://asic.gov.au

Annual Budget

$914M

2026-27 Budget (Budget Paper No. 4)
+6.2%vs prior year ($861M)
Total Revenue

$550M

2024-25 Total Revenue
Staff

1,950

Headcount (2024-25)
Budget Commentary

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.

Major Digital Projects
17

Big Data, Timely Insights (BDTI)

Australian Bureau of Statistics

Tier 1
DCA: Medium-High
Active

Total Budget

$225M

Digital Budget

$133.1M

July 2023June 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

Tier 1
DCA: Medium-High
Active

Total Budget

$187M

Digital Budget

$68.4M

July 2024June 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

Tier 1
DCA: Medium
Closed

Total Budget

$70M

Digital Budget

$68.8M

September 2020June 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

Tier 1
DCA: Medium-Low
Active

Total Budget

$403.3M

Digital Budget

$262.2M

September 2024June 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

Tier 1
DCA: Medium-High
Active

Total Budget

$361.5M

Digital Budget

$288.4M

November 2023June 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

Tier 2
DCA: Medium-High
Active

Total Budget

$726M

Digital Budget

$164.4M

January 2022December 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

Tier 2
DCA: Medium-High
Active

Total Budget

$51.4M

Digital Budget

$28.6M

July 2023September 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

Tier 2
DCA: Medium
Active

Total Budget

$45.5M

Digital Budget

$45.5M

July 2024June 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

Tier 2
DCA: Medium
Active

Total Budget

$98.1M

Digital Budget

$50.8M

January 2025June 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

Tier 2
DCA: Medium-High
Active

Total Budget

$73.2M

Digital Budget

$38M

July 2024June 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

Tier 2
DCA: Medium-High
Active

Total Budget

$110.5M

Digital Budget

$33.6M

July 2023June 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

Tier 2
DCA: Medium
Active

Total Budget

$87.9M

Digital Budget

$69.7M

January 2025June 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

Tier 2
DCA: Medium
Active

Total Budget

$80.5M

Digital Budget

$42.7M

July 2023June 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

Tier 3
Active

Total Budget

$12M

Digital Budget

$2M

June 2024December 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

Tier 3
Active

Total Budget

$136.4M

Digital Budget

$136.4M

January 2018December 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

Tier 3
Active

Total Budget

$9.5M

Digital Budget

$4.8M

June 2024December 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

Tier 3
Active

Total Budget

$8.9M

Digital Budget

$8.9M

July 2024June 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.

People this department serves
All cohorts & journeys

The citizen cohorts and life-event journeys that touch this department, drawn from the department_links mapping in the citizen-voice-journeys corpus.

Ideas relevant to this department

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.11

PURPOSE

To monitor and promote market integrity and consumer protection in the Australian financial system

Corporate Plan 2025-26 · p.7

Strategic priorities

· 5

1

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.14
2

Support 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.18
3

Strengthen 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.19
4

Advance digital and data resilience and safety across markets

Corporate Plan 2025-26 · p.20
5

Drive consistency and transparency across markets and products

Corporate Plan 2025-26 · p.20

Outcomes

· 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

  • Enforcement and Regulation
  • Registry
  • Engagement and Unclaimed money

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

CodeMeasureTarget 2025-26Latest resultStatus

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

Ideas distilled from this entity's strategy & evidence

· 8

Case Processing

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.

Impact: Medium
Effort: High
Medium

2025.pdf

Regulation & Policy

Implement Advanced Digital Surveillance Tools

Adopt advanced AI-driven surveillance tools to enhance real-time monitoring of market activities and detect anomalies more efficiently.

Impact: High
Effort: High
Large

2025-26.pdf

Citizen Participation

Boost Engagement on Moneysmart Website

Increase visitor engagement on the Moneysmart website by introducing interactive financial education modules and regular updates on financial trends.

Impact: Medium
Effort: Medium
Small

2025-26.pdf

Procurement & Delivery

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.

Impact: High
Effort: Medium
Small

2025.pdf

Strategy & Reform

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.

Impact: Very High
Effort: High
Large

association-worldbank.org-governance.txt

Risk & Assurance

Enhance Risk Assessment Tools

Upgrade risk assessment tools to incorporate real-time data analytics and predictive modelling to better anticipate and mitigate systemic risks.

Impact: High
Effort: High
Medium

2025-26.pdf

Regulation & Policy

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.

Impact: Medium
Effort: Medium
Small

2025-26.pdf

Citizen Participation

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.

Impact: High
Effort: High
Large

2025.pdf

Case Processing

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.

Impact: Medium
Effort: High
Medium

2025.pdf

Regulation & Policy

Implement Advanced Digital Surveillance Tools

Adopt advanced AI-driven surveillance tools to enhance real-time monitoring of market activities and detect anomalies more efficiently.

Impact: High
Effort: High
Large

2025-26.pdf

Citizen Participation

Boost Engagement on Moneysmart Website

Increase visitor engagement on the Moneysmart website by introducing interactive financial education modules and regular updates on financial trends.

Impact: Medium
Effort: Medium
Small

2025-26.pdf

Procurement & Delivery

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.

Impact: High
Effort: Medium
Small

2025.pdf

Strategy & Reform

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.

Impact: Very High
Effort: High
Large

association-worldbank.org-governance.txt

Risk & Assurance

Enhance Risk Assessment Tools

Upgrade risk assessment tools to incorporate real-time data analytics and predictive modelling to better anticipate and mitigate systemic risks.

Impact: High
Effort: High
Medium

2025-26.pdf

Regulation & Policy

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.

Impact: Medium
Effort: Medium
Small

2025-26.pdf

Citizen Participation

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.

Impact: High
Effort: High
Large

2025.pdf

Legislation administered

· 11

Act

2001

Australian Securities and Investments Commission Act 2001

ASIC administers this Act to regulate the financial services and consumer credit sectors in Australia.

Act

2011

Business Names Registration Act 2011

ASIC administers this Act to regulate business names in Australia.

Act

2001

Corporations Act 2001

ASIC administers this Act to regulate corporations, financial services, and consumer credit in Australia.

Act

2023

Financial Accountability Regime Act 2023

ASIC administers this Act to establish a framework for financial accountability.

Act

1984

Insurance Contracts Act 1984

ASIC administers this Act to regulate insurance contracts in Australia.

Act

2009

National Consumer Credit Protection Act 2009

ASIC administers this Act to protect consumers in the credit industry.

Act

1959

Banking Act 1959

ASIC administers parts of this Act related to banking.

Act

1995

Life Insurance Act 1995

ASIC administers parts of this Act related to life insurance.

Act

2003

Medical Indemnity (Prudential Supervision and Product Standards) Act 2003

ASIC administers parts of this Act related to medical indemnity.

Act

1997

Retirement Savings Accounts Act 1997

ASIC administers parts of this Act related to retirement savings accounts.

Act

1993

Superannuation Industry (Supervision) Act 1993

ASIC administers this Act to regulate the superannuation industry.

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