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
Budget 2024: The Budget by numbers
From delivering a second surplus to reducing government debt, here is a breakdown of the Budget by numbers.
Budget 2024: Cost of living relief takes centre stage
From tax cuts to investment into financial support services, the Federal Budget aims to reduce cost-of-living pressures for Australians.
Budget 2024: Government heeds industry calls to better support women
Between getting super on paid parental leave to improved access to healthcare support for menopause, women received a number of measures in the Budget.
Budget 2024: Chalmers looks to reset aged care, NDIS
The Albanese government is investing $2.2 billion to reform the aged care sector and close to $500 million to put the NDIS back on track.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
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.