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Showing 41 - 50 of 352 results for "Levy"

Smaller super funds unfairly burdened by regulatory levy model: CPA

ANDREW MCKEAN | WEDNESDAY, 30 APR 2025

... become "collateral damage" in an imperfect regulatory funding model, CPA Australia says, in response to Treasury's proposed levy changes for 2025-26. CPA Australia superannuation lead Richard Webb said the Financial Institutions Supervisory Levies, which ...

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN | TUESDAY, 15 APR 2025

... viable and attractive to new entrants. "We continue to advocate for concrete reform to CSLR - specifically, capping the advice levy at $10 million and ending adviser responsibility for product failures - and believe that without such change, rebuilding ...

UGC's AFCA membership to cease

KARREN VERGARA | MONDAY, 7 APR 2025

... Compensation Scheme of Last Resort (CSLR)," AFCA said. The failure of UGC is the main driver behind the spike in the 2026 CSLR levy estimates, tipped to be $70 million. UGC accounts for $44.6 million in claims and $3.6 million in AFCA fees - meaning ...

APRA levy to cost $243m in FY26

KARREN VERGARA | FRIDAY, 28 MAR 2025

... account for breaches of their prudential or legislative obligations." The FY26 total amount is $3.1 million less than the FY25 levy of $246.1 million or 1.3% lower. The Australian Taxation Office's (ATO) levy is set to be $37.2 million in FY26. The consultation ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN | TUESDAY, 25 MAR 2025

... give the average earner around $536 more per year once implemented. Additionally, the government will increase the Medicare levy low-income threshold. Energy bills will also be reduced by $150 this year - costing the government around $1.8 billion. To ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN | TUESDAY, 25 MAR 2025

... time," he said. Supplementing these tax measures, the government also announced it will retrospectively raise the Medicare levy low-income threshold by 4.7%, effective from 1 July 2024. Budget documents said this should help over a million lower-income ...

Fixing retirement system an election priority: Grattan

JAMIE WILLIAMSON | MONDAY, 17 MAR 2025

... and would cost about $360 million over its first four years and $50 million a year thereafter, which should be funded by a levy on super fund balances," it said. Finally, in terms of measures that would prepare the ground for a large pay-off down the ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA | THURSDAY, 20 FEB 2025

The Compensation Scheme of Last Resort (CSLR) levy could potentially catapult to $123 million in the 2027 financial year, new estimates from the Financial Advice Association of Australia (FAAA) shows. Following the bombshell that the 2026 CSLR levy ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN | THURSDAY, 6 FEB 2025

... the Parliament listen to those calls and make commitments before the election." On January 31 the CSLR released its FY26 levy estimates which revealed financial advisers would likely have to fork out $70 million to fund the scheme, breaching the $20 ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA | MONDAY, 3 FEB 2025

... Jones said. Stakeholders wishing to make a submission to the review have until February 28. The 2026 financial year CSLR levy estimates have blown out to $77.9 million. The financial advice sector is set to pay $70.11 million - which has blown out of ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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