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Showing 21 - 30 of 370 results for "Levy"

FAAA pushes for 'fundamental' changes to CSLR

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... FAAA said. Given many advisers run small businesses, the FAAA said it is only fair the sector pays no more than the base levy of $20 million. Treasury's proposed "waterfall approach" wants to apply the first $40 million of CSLR levies to financial ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
APRA's funding levy will rise by 4.2% to $253.3 million for the 2027 financial year, Treasury estimates show, with superannuation funds expected to cover one third of this charge. Split across the sectors it regulates, APRA apportioned $81.2 million ...

CALI calls for government to help fund CSLR

MATTHEW WAI  |  WEDNESDAY, 20 MAY 2026
... Australia. Addressing the growing concerns of the viability of risk advice, CALI chief executive Christine Cupitt argued the CSLR levy should be spread across the broader financial services sector and the government, rather than saddling advisers with ...

Budget boosts fuel security, misses clean energy opportunities

KARREN VERGARA  |  THURSDAY, 14 MAY 2026
... Council Councillor Nicki Hutley said gas export taxes remain unchanged, despite analysis indicating an improved gas export levy could generate $17 billion annually, representing upwards of $50 billion in foregone revenue over the forward estimates - ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
... survey conducted by the Financial Advice Association Australia (FAAA) shows the Compensation Scheme of Last Resort (CSLR) levy will increase the cost of financial advice and may see a significant departure of advisers from the industry. The findings ...

Treasury's proposal adds flexibility for new advisers: FAAA

MATTHEW WAI  |  WEDNESDAY, 22 APR 2026
... of other reforms that could act as a disincentive for potential new entrants, including through the imposition of further levy increases or other limitations on the provision of financial advice." Access to ATO Portal Meanwhile, a submission as part ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... their responses. "In the current system, a declining number of financial advisers are paying the largest share of the CSLR levy despite having nothing to do with the misconduct that gave rise to the need for consumer compensation," Abood said. "Bi-partisan ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... address the incessant funding shortfall, Treasury is asking for stakeholder feedback on implementing "a rules-based special levy 'waterfall' framework to respond more predictably to large-scale, investment-related losses arising from personal ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... the risk of a repeat of Shield and First Guardian in 2026 and beyond. In late 2025, Mulino suggested the 2025-26 special levy of $47.3 million may be divvied up across superannuation funds and SMSFs. He may also rope in the professional indemnity insurance ...

Trump hit by Supreme Court's 'body blow', strikes back with 15% global tariff

RIDDHIMA TALWANI  |  MONDAY, 23 FEB 2026
... global tariff on Friday after the court's decision. The tariff will be an increase for Australia, which currently has a levy of 10% on its exports to the US. Trump, on his Truth Social account, said: "I, as President of the United States of America ...