Financial Standard Comments - ASIC industry levy to increase Financial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year. https://www.financialstandard.com.au/feed/latest?story=179779163 Mon, 26 Jul 2021 10:48:39 +1000 Mon, 26 Jul 2021 10:48:39 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Gavin Bramley (Unique Wealth)

This is already up to $3,700 per adviser since the recent exodus.

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]]> Gavin Bramley (Unique Wealth) Mon, 26 Jul 2021 10:48:39 +1000 Comment by Stephen Weinstein (Qudos Bank)

Didn't ASIC makes billions of dollars out of the royal commission against the institutions that have caused most of these problems for the current advisers still standing. Why are we still paying for the institutions that have exited the industry. With the amount of funds ASIC has received in the last couple of years they could fund the levy for the next 20 years, plus.

ASIC wonders why advisers are heading towards the exit with all the additional charges we have to absorb from additional fees from government, Licensees, education requirements, etc which are near impossible to pass onto the clients.

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]]> Stephen Weinstein (Qudos Bank) Mon, 26 Jul 2021 13:35:52 +1000