ASIC industry levy to increaseBY KARREN VERGARA | FRIDAY, 23 JUL 2021 2:48PMFinancial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year. Related News |
Editor's Choice
Australia, UK partner to procure well-regulated financial markets
Following its inaugural meeting in September 2025, the second UK-Australia Joint Financial Regulatory Forum took place this week, with Australia remaining vocal about placing greater emphasis on governance and asset valuation of private markets.
Count takes 30% stake in Brisbane advice firm
Count has agreed to acquire a 30% stake in Brisbane-based accounting and financial advice firm Apiary Financial, continuing its push to expand its equity partnership network while reporting stronger first-quarter earnings.
Audit quality continues to fall short: ASIC
The corporate regulator has called for improvements in audit quality and financial reporting after its latest surveillance found companies, including superannuation funds, are still not getting the fundamentals right.
ETFs entering 3.0 era: JPMAM
JPMAM believes thematic ETFs may become a thing of the past as actively managed ETFs become more prevalent.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
This is already up to $3,700 per adviser since the recent exodus.
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.