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Showing 21 - 30 of 352 results for "Levy"

Mulino taps super sector to help pay CSLR special levy

ELIZA BAVIN  |  WEDNESDAY, 10 DEC 2025
... suggested including APRA-regulated superannuation funds in the Compensation Scheme of Last Resort (CSLR) as the 2026 special levy has blown out to $47.3 million. Mulino added the government needs to act to strengthen consumer protections and improve ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... to carve out APRA-regulated super trustees' responsibility in the FY27 Compensation Scheme of Last Resort (CSLR) special levy, claiming that it will be a "clear breach" of the scheme's principle otherwise. The SMC pointed out that the scheme is intended ...

Prevention of Shield, First Guardian-like events the focus from here on: Mulino

MATTHEW WAI  |  THURSDAY, 20 NOV 2025
... the Compensation Scheme of Last Resort (CSLR) more sustainable. This week, the CSLR revealed that the estimated sub-sector levy payable by the financial advice industry in FY27 will be $126.9 million, excluding Shield and First Guardian. In total, the ...

Why risk advice is on the verge of collapse: Experts

MATTHEW WAI  |  WEDNESDAY, 19 NOV 2025
... added the passage of the Delivering Better Financial Outcomes (DBFO) reforms will help soothe this stagnation. "Michelle Levy did say that the new class or new category of adviser wouldn't be able to receive a commission or charge a fee for their ...

Estimated CSLR levy comes in at $127m for FY27

JAMIE WILLIAMSON  |  MONDAY, 17 NOV 2025
The Compensation Scheme of Last Resort (CSLR) is estimating the sub-sector levy to be payable by the financial advice industry in FY27 will be $126.9 million - but that doesn't account for First Guardian and Shield. In total, the initial estimate ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... speculative schemes. The failure of UGC has been a key driver of the spike in the 2026 Compensation Scheme of Last Resort (CSLR) levy estimates, tipped to be around $70 million. Videkanic was later authorised by MWL Financial Services. ASIC says while ...

CSLR publishes paid claims details

JAMIE WILLIAMSON  |  FRIDAY, 26 SEP 2025
... Advisors are also on the list of advice groups where claims against them have been paid. In July, the CSLR revised its FY26 levy estimate for the personal financial advice sub-sector to close to $70 million. Being that this exceeds the sub-sector cap ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
... for 10 years. The failure of UGC has been a key driver of the spike in the 2026 Compensation Scheme of Last Resort (CSLR) levy estimates, tipped to be around $70 million.

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
... Despite receiving record funding since the Hayne Royal Commission, including massive contributions via the financial adviser levy and Compensation Scheme of Last Resort (CSLR), ASIC's effectiveness has come under fire in the wake of the Australian ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... should pursue an industry-based funding solution that is fairer than the CSLR." The campaign is proposing a superannuation levy that would raise $800 million annually; "... funds should contribute to a universal protection mechanism ensuring no member ...