Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 280 results for "Levy"

Broken advice industry shuns everyday Aussies: AFA

KARREN VERGARA, ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... Hayne Royal Commission have driven up the costs of running a practice, this includes ASIC's growing industry funding levy, and consequently pushed up the price of paying for advice. The hearing's chair MP Tim Wilson said: "If the only people ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Association of Financial Advisers fears that ASIC's FY21 industry levy will blow out even more than its estimates. The association does not want history to repeat itself, pointing to how the FY20 levy jumped 54% higher than ASIC's estimates. ...

De Gori to leave FPA

JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... implementation of minimum education standards. Most recently De Gori spoke out against a further increase to the ASIC funding levy, something that has increased more than 340% in recent years, and called for changes to the reference checking regime for ...

ASIC industry levy to increase

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Financial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year. Advisers will pay $71.354 million in aggregate or $3138 on a per adviser basis plus a fixed amount of $1500 per licence ...

Banks should pay advice exit levy: TAA

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
The Advisers Association (TAA) is calling on the government to mandate major banks and institutions pay an exit levy upon leaving the advice industry to provide relief for financial advisers and mitigate the increasing levy. Earlier this month the Australian ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... deficiencies at the big banks. The advice bodies are calling for the government to review the industry funding model, reduce the levy, fund ASIC from consolidated revenue and ensure ASIC's industry funding levy reflects the cost of regulation rather ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... services with information about the system and regularly check in on them. They also recommended applying a new aged care levy; establishing a registration of personal care workers; professionalising the aged care workforce; and clearing the Home Care ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
... and more jobs for students," the AFA said. The association has also asked the government to clarify why the ASIC Funding Levy for financial advisers has jumped 160% in the last two years, with the cost of ASIC oversight of the sector also more than doubling ...

FPA calls for levy overhaul

ANNABELLE DICKSON  |  WEDNESDAY, 3 FEB 2021
The Financial Planning Association of Australia (FPA) has recommended a review of the financial advice industry levy ahead of this year's federal budget. The FPA is calling on the government to review the ASIC industry levy and move away from annual ...

COVID-19 stimulus continues

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... 2020. Frydenberg said the payments are designed to help low income households with the impacts of COVID-19. The Medicare levy low income threshold has increased, meaning more individuals and families will have more access to Medicare. The government ...