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Showing 1 - 10 of 10 results for "ASIC Industry Funding"

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... reporting, transparency and consultation remit. Overall, the review found that the current settings of the ASIC industry funding model (IFM) "remain appropriate and substantial changes to the model should not be made". "The principles that underpin the ...

Industry funding model discussion commences

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2022
The government has released a discussion paper on the ASIC industry funding model, consulting on opportunities to simplify its design, possibly through the creation of new sub-sector definitions to make the apportioning of costs fairer. Treasury is ...

Review of ASIC funding model begins

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
The government has commenced a review of the ASIC Industry Funding Model, issuing terms of reference. An update from Treasury said the review will be forward looking and focused on identifying refinements to the industry funding model. Treasury added ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... profession-wide position on the tax deductibility of initial and ongoing advice fees and a review of the ASIC industry funding model was also prescribed. Of note, as previously reported on by Financial Standard, ASFA also called for greater detailing ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... Body and a Compensation Scheme of Last Resort," Frydenberg and Hume said. Treasury will also review the ASIC Industry Funding Model, commencing in 2022, in consultation with the Department of Finance and ASIC. Responding to the news, Financial Planning ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... financial advisers by 38%. The FPA has urged the corporate regulator to reconsider the 38% increase to the ASIC industry funding levy as the nation enters its first recession in 29 years. The calls come after ASIC released for consultation its Cost Recovery ...

ASIC increases levy costs

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... driven by the increase in enforcement matters adopted following recommendations of the Royal Commission. "The ASIC industry funding model was designed so that industry levies are set at the end of the year, after ASIC's regulatory costs are known. This ...

ASIC alters adviser levy

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... be advised that while ASIC indicated that the per-adviser levy for 2018/2019 would be $907 (as per their ASIC Industry Funding page) - this has now been changed to $1142 per adviser," Marshan said on LinkedIn. He added that ASIC made this change without ...

Treasury rolls out ASIC industry funding fee paper

ALEX BURKE  |  FRIDAY, 24 NOV 2017
The Treasury has released its consultation paper for the specific costs ASIC aims to recover from entities the regulator supervises. These costs will include fees for document compliance reviews, licence applications or variations, applications for ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... firms, which will be offset by increased levies of $3.6 million from 2018-2019 under the recently drafted ASIC Industry Funding Model.
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