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Showing 1 - 10 of 278 results for "Levy"

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... of operation, drawing outrage from the sector. The government released its estimates for the first and second phase of the levy period. In the first round, the advice sector's levy amounts to $2.4 million - well above the other sectors' levy ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the Royal Commission into Aged Care Quality and Safety, the taskforce was established last year to determine ...

Pension Protection Fund appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... us to continue to play a pivotal role in safeguarding the futures of those who rely on us, while also delivering for our levy payers and other key stakeholders," PPF chair Kate Jones said. "As a recognised thought leader in the global pensions industry ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
... said. "We continue to engage on several other areas which impact on members' costs of doing business, including the ASIC levy, and the implementation of the Compensation Scheme of Last Resort (CSLR)," Abood said. "Another key area of focus will be ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... in April this year, with an annual cap on compensation payable of $250 million. The board has determined that the initial levy to fund eligible claims from AFCA's first four years in operation should sit at $241 million. The CSLR said the amount includes ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... consumers have access to support from financially resilient advice firms. "Diligent advisers are having to compensate through the levy for the bad advice of their failed competitors. That needs to change. It is important that the polluter pays," Pritchard ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... Labor was serious about cutting red tape from financial advice, they would prioritise implementing the recommendations of the Levy Review, in full," he said. Financial Services Council chief executive Blake Briggs said the first tranche of legislation ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
Financial advisers are set to pay $400 less in the ASIC funding levy, saving the industry $8 million in total, according to new estimates from the Financial Advice Association Australia (FAAA). Based on two legislative instruments dated November 3 ...

FAAA celebrates membership renewals, anticipates more

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... important in advocacy, where there are plenty of issues on the FAAA agenda: including the unreasonable hike in the ASIC industry levy, the continuing consultation with the government on implementing the recommendations of the Quality of Advice Review ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
The estimated ASIC levy for this financial year will see financial advisers slugged $3217, as the levy freeze comes to an end. Under the estimated levies released yesterday, the levy to be paid per adviser has almost tripled from the $1142 that it was ...
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