ASIC funding levy to charge advisers $46.2mBY KARREN VERGARA | FRIDAY, 4 JUL 2025 12:16PMThe financial advice sector can expect to contribute $46.2 million to ASIC's industry funding levy for the 2025 financial year, new estimates show. Related News |
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Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
You wonder why advisers are leaving the industry, mainly the rising costs to their businesses. Maybe ASIC should go after the ex advisers that did wrong in the first place and garnish their assets to redeem the costs and stop charging the ethical advisers that are left.