ASIC increases levy costsBY ELIZA BAVIN | THURSDAY, 16 JAN 2020 12:00PMThe Australian Securities and Investment Commission has hiked the levies owed by superannuation trustees, up over 22% from what the regulator estimated in March 2019. Related News |
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
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The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Why should any government-operated entity have the right and temerity to charge any fees of these institutions when its only function towards these is to add multitudinous layers of complexity and then to police it!? In my view, if the government wants these industrial police in place it's their responsibility to fund it out of consolidated revenue not from the players in the industry.