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Showing 41 - 50 of 54 results for "Industry Funding"

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... proposed industry model to fund the regulator. The figure was released in ASIC's consultation paper on the proposed industry funding model. ASIC forecasts its effort to regulate the financial advice sector in 2016-17 to cost $24 million, 10% of ASIC's ...

ASIC secures $210m in compensation

ALEX BURKE  |  THURSDAY, 3 NOV 2016
... risks." This is compounded by the future sources of revenue that will arise from the government's provision of industry funding model for the regulator. In the report, ASIC said: "An industry funding model for ASIC will ensure there is greater alignment ...

Professional standards legislation reaches parliament

KERRIE SYDEE  |  MONDAY, 17 OCT 2016
... large banks and AMP. Once the standards body is operational the government has stated it will develop an ongoing industry funding model that will be implemented "as soon as practicable." The new body will be integral to the reforms and will be responsible ...

Good financial advice a challenge: ASIC

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... the people who created the need for it" where possible. Commenting on the government's proposal to introduce an industry funding model for ASIC from 1 July 2017, the regulator said it believes an industry funding model will provide greater stability ...

ASIC levies up 150pct

KERRIE SYDEE  |  TUESDAY, 10 MAY 2016
... recovered from all industry sectors regulated by ASIC. The government plans to work with the industry to finalise an industry funding model for ASIC.

ASIC user-pay model "eminently sensible": SEC veteran

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
Adopting the industry funding model for ASIC will result in a much more efficient and less politically-motivated regulator, according to former assistant director of the division of enforcement at the US Securities and Exchange Commission Jordan Thomas. ...

Government boosts ASIC with $127m package

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
... responsible lending and life insurance industries. On top of this, the Government will also implement the proposed industry funding model for ASIC, so that costs will be recovered by the industry sectors ASIC regulates. This will come into effect on ...

ASIC revenue and investigations decrease in 2015

ALEX BURKE  |  MONDAY, 2 NOV 2015
... his commentary on the report, ASIC chair Greg Medcraft noted that the regulator continues to advocate for an industry funding model, likely partially because of the decrease in Government revenue. He said it would "provide us with certainty of funding ...

Financial System Inquiry response cut-out-and-keep guide

MARK SMITH  |  TUESDAY, 20 OCT 2015
... should be strengthened." Key measures: By end-2015: Complete a capability review of ASIC. Complete consultation on industry funding arrangements for regulatory activities undertaken by ASIC. By end-2016: Introduce competition into ASIC's mandate. Beyond ...

ASIC funding model needs "meat on the bones"

LAURA MILLAN  |  TUESDAY, 13 OCT 2015
... bones," the Governance Institute said. The organisation said that the government's consultation paper 'Proposed Industry Funding Model for the Australian Securities and Investments Commission' lacks detail about how the model would work, how it will ...