Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 358 results for "Levy"

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
The federal government will lift the financial adviser levy freeze as it unveils recommendations that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... government will fund the costs to establish the body that will operate the CSLR, including funding the costs of the first levy period through to the end of the 2023-24 financial year. "The scheme will then be funded by industry for future years," he ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... leeway to provide retirement advice and information to their members, as accepted in principle as part of Recommendation 6. Levy said trustees should be able to provide personal advice to their members about their interests in the fund, including when ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
... operational resilience of these institutions. The life insurance sector, including friendly societies, also saw a modest rise in levy funding, from $20 million to $20.4 million. APRA will focus on the long-term sustainability of individual disability ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
... there's a strong reason for why we should be wanting to get rid of FDSs," he said. Quality of Advice Review chair Michelle Levy recommended the elimination of FDSs in her February report. Instead, she wrote, advisers should provide a single annual ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... Advice Association of Australia chief executive Sarah Abood said it was disappointing there was no mention of the ASIC adviser levy. "We are also very keen to see more clarity soon from the government on the impact of the ASIC levy on the financial advice ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... improve members' outcomes. This consumer advocate measure will be offset by an increase in the Superannuation Supervisory Levy administered by APRA, the government said.

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... it one of the highest long-term risk areas in the whole budget. It's only a matter of time until a superannuation-like levy is proposed. Payments to seniors, which in the main are Age Pension payments and aged care expenditures, are meanwhile growing ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
Quality of Advice Review chair Michelle Levy says the government is stalling the implementation of the recommendations set out in her final report. The 267-page report, initially released to government in December, included 13 primary recommendations ...

Digital advice association in the works

CASSANDRA BALDINI  |  TUESDAY, 11 APR 2023
... association. He explained the new association is focused on key initiatives and invested a lot of time with QAR chair Michelle Levy to help her better understand the role and definition of digital advice. And there are three key goals of the association ...