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Showing 21 - 30 of 357 results for "Levy"

Advisers 'positioned to thrive' in 2026

ANGELIQUE MINAS  |  THURSDAY, 15 JAN 2026
... far better than addressing the fallout." When it comes to regulatory growing pains, the Compensation Scheme of Last Resort levy is at the forefront of advisers' minds. Edwards said the kind of funding commitments required needs further clarification ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... Financial Standard Power50. These were the top financial advice stories of the year that was. 1. Jones instigates CSLR review, levy hits $70m As new estimates showed financial advisers would have to fork out $70 million to fund the Compensation Scheme ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... sub-sectors within the financial services sector, and all 23 retail-facing sub-sectors will foot the $47.3 million CSLR special levy. SMC said the $10.9 billion figure over the forward estimates compared to the estimates in March's Budget is a 10% increase ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... is a bigger tax," he said. Conaghan criticised Mulino's recent proposals to force super funds to help fund the special levy, including SMSFs. "Even the ACTU has publicly criticised Treasurer Jim Chalmers - declaring that working people should not ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... sub-sectors within the financial services sector, and all 23 retail-facing sub-sectors will foot the $47.3 million CSLR special levy. "That's a reflection of the fact that all of those sub-sectors benefit from there being confidence in the financial ...

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 ...