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Showing 151 - 160 of 358 results for "Levy"

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... parliamentary inquiry heard. In discussing the Standing Committee on Economics Financial Services Compensation Scheme of Last Resort Levy Bill 2021 last week, SMSF Association deputy chief executive Peter Burgess pointed to deficiencies in the proposed ...

FPA overcharges members

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
... on their professional designation. A Certified Planning Professional pays $895 per financial year plus a $200 advertising levy. A financial planner pays $595 p.a. while an associate pays $495 p.a. An Association of Financial Advisers member with more ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
The federal government is forging ahead with slashing the financial adviser levy by more than a third for those that provide retail advice. Corporate watchdog ASIC today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... The government will initially fund the scheme in the first year but will eventually be fully funded by the industry via a levy. Frydenberg said his government will continue to consult on the legislation with stakeholders. It will also consult on proposals ...

Leadership changes at Vanguard Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 OCT 2021
... addition to assuming the head of investments role. Prior to joining Vanguard in 2013, Burns worked for seven years at Jacobs Levy Equity Management, a US provider of quantitative equity strategies for institutional clients. In another leadership change ...

Adviser overwhelm explained

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... looking at minor and administrative matters, and therefore it will be another big driver in the future to the ASIC funding levy." Anderson concluded that he is concerned a Black Swan event, such as the global financial crisis or product crash, and how ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... industry to ensure regulations do not add to cost and complexity for advisers. Asked about how ASIC could reduce the financial levy, Longo said the levy was charged in accordance with ASIC's work - and financial advisers could reasonably expect that ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million. The levy will be restored to $1142 per adviser, as was charged in 2018/19 ...

Broken advice industry shuns everyday Aussies: AFA

KARREN VERGARA, ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... Hayne Royal Commission have driven up the costs of running a practice, this includes ASIC's growing industry funding levy, and consequently pushed up the price of paying for advice. The hearing's chair MP Tim Wilson said: "If the only people ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Association of Financial Advisers fears that ASIC's FY21 industry levy will blow out even more than its estimates. The association does not want history to repeat itself, pointing to how the FY20 levy jumped 54% higher than ASIC's estimates. ...