Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 37 results for "Industry Funding Model"

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... which will be offset by increased levies of $3.6 million from 2018-2019 under the recently drafted ASIC Industry Funding Model.

Government pushes ahead with new ASIC funding model

ALEX BURKE  |  FRIDAY, 5 MAY 2017
... Services Kelly O'Dwyer said the model represents "the next step in meeting the Government's commitment to an industry funding model in place from 1 July 2017. Industry funding is a critical component of the Government's plan to improve consumer outcomes ...

Industry model costing good advisers

KARREN VERGARA  |  MONDAY, 3 APR 2017
The proposed industry funding model to help ASIC regulate poor advisers is at the cost of those behaving professionally and ethically, according to the Association of Financial Advisers. The ASIC Supervisory Cost Recovery Levy Bill, which details an ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... the standards-settings body. The Government will now turn its attention to developing and implementing an industry funding model for the standards body. Life Insurance Remuneration Arrangements A day for double celebration, the Corporations Amendment ...

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... industry model to fund the regulator. The figure was released in ASIC's consultation paper on the proposed industry funding model. ASIC forecasts its effort to regulate the financial advice sector in 2016-17 to cost $24 million, 10% of ASIC's budget ...

ASIC secures $210m in compensation

ALEX BURKE  |  THURSDAY, 3 NOV 2016
... This is compounded by the future sources of revenue that will arise from the government's provision of industry funding model for the regulator. In the report, ASIC said: "An industry funding model for ASIC will ensure there is greater alignment between ...

Professional standards legislation reaches parliament

KERRIE SYDEE  |  MONDAY, 17 OCT 2016
... banks and AMP. Once the standards body is operational the government has stated it will develop an ongoing industry funding model that will be implemented "as soon as practicable." The new body will be integral to the reforms and will be responsible ...

Good financial advice a challenge: ASIC

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... people who created the need for it" where possible. Commenting on the government's proposal to introduce an industry funding model for ASIC from 1 July 2017, the regulator said it believes an industry funding model will provide greater stability and ...

ASIC levies up 150pct

KERRIE SYDEE  |  TUESDAY, 10 MAY 2016
... from all industry sectors regulated by ASIC. The government plans to work with the industry to finalise an industry funding model for ASIC.

ASIC user-pay model "eminently sensible": SEC veteran

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
Adopting the industry funding model for ASIC will result in a much more efficient and less politically-motivated regulator, according to former assistant director of the division of enforcement at the US Securities and Exchange Commission Jordan Thomas. ...