Financial Standard Comments - FPA calls for levy overhaul The Financial Planning Association of Australia (FPA) has recommended a review of the financial advice industry levy ahead of this year's federal budget. https://www.financialstandard.com.au/feed/latest?story=177952573 Mon, 08 Feb 2021 11:59:13 +1100 Mon, 08 Feb 2021 11:59:13 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Gail Gadd (Gail Gadd Financial Planner)

I was notified by my licensee that the ASIC Levy for the group's advisers is $2426 for this year. This is a ridiculous amount! As a single practitioner of a small practice, this is a huge contribution which will lead to an increase in client fees. It is an insult that James Shipton and the team at ASIC receive large salaries that we have to fund or part-fund. Further, he flaunts the regulations and will probably go unpunished.

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]]> Gail Gadd (Gail Gadd Financial Planner) Mon, 08 Feb 2021 11:59:13 +1100