Food Business Changes Are Now In Place With ASIC & FSANZ
There are changes happening for food businesses which many may not realise and will have an impacy on business costs. The Australian Security and Investment Commission (ASIC) is now using a user pays model for funding.
This means that dependent upon the size and type of organisation as to how much each will pay for any services provided by ASIC. Organisations will receive an invoice each January for the regulatory services provided by ASIC during the previous financial year, based on metrics they are required to submit. All current regulated organisations are required to complete their business activity metrics by 27 September 2018.
However, this is not the only change happening with a government body which will impact on business costs.
Food Standards Australia New Zealand has just released the following media release which is important for food businesses. It is included here with permission.
Call for comment on draft cost recovery arrangements
Food Standards Australia New Zealand (FSANZ) today called for comment on a revised approach to cost recovery arrangements.
Acting FSANZ CEO Peter May said the arrangements have been revised to better reflect the administrative costs associated with certain applications to amend the Australia New Zealand Food Standards Code (the Code).
“We have consulted with industry and developed a costing model that takes into account the different levels of work required throughout the application process. This will give applicants a more accurate estimate of the actual charge,” Mr May said.
Less than two per cent of FSANZ’s total revenue is generated through cost recovery and only a small number of applications to amend the Code incur costs.
The deadline for submissions is 6pm (Canberra time) 2 August 2018.
More information
Media contact: 0401 714 265 (Australia) or +61 401 714 265 (from New Zealand)