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Showing 1 - 10 of 17 results for "ASIC levy"

Advisers need more support: FAAA submission

ANGELIQUE MINAS | THURSDAY, 5 FEB 2026

... professional advisers with access to the ATO portal and simplifying and enhancing the tax deductibility of advice. As the ASIC levy and Compensation Scheme of Last Resort (CSLR) are increasing cost burdens on the sector, the cost of advice is also rising ...

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA | FRIDAY, 4 JUL 2025

... the prior year of $48.4 million. The Financial Advice Association Australia (FAAA) said while it is good news that the ASIC levy has decreased slightly for the 2025 financial year, it is still a significant impost on the shrinking financial advice sector ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN | THURSDAY, 6 FEB 2025

... professional year and financial adviser exam, enabling ATO portal access, enhancing tax deductibility of advice, lowering the ASIC levy, making the CSLR equitable and sustainable, and introducing 'Friends of AFCA and CSLR' roles. "As a further measure ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA | TUESDAY, 9 JUL 2024

... million. Financial Advice Association Australia (FAAA) chief executive Sarah Abood said at first glance it seems the ASIC levy per adviser will not move much for this financial year compared to the final levy for the 2022-23 financial year of $2818 per ...

New recruits top advice industry priority: FAAA

KARREN VERGARA | FRIDAY, 28 JUN 2024

... general manager of policy, strategy, and advocacy Phil Anderson told the briefing that it does not appear as though the ASIC levy will reduce. "None of the messages coming out of ASIC would suggest that that would be the case. We're worried from ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN | TUESDAY, 14 MAY 2024

... financial advice that is in their best interests. "The FAAA remains very concerned about the fast-increasing cost of the ASIC levy. The financial advice subsector was charged in total $47.6 million last financial year - more than any other sector including ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON | THURSDAY, 11 JAN 2024

... said. "We continue to engage on several other areas which impact on members' costs of doing business, including the ASIC levy, and the implementation of the Compensation Scheme of Last Resort (CSLR)," Abood said. "Another key area of focus will be ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON | THURSDAY, 29 JUN 2023

The estimated ASIC levy for this financial year will see financial advisers slugged $3217, as the levy freeze comes to an end. Under the estimated levies released yesterday, the levy to be paid per adviser has almost tripled from the $1142 that it was ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI | WEDNESDAY, 10 MAY 2023

... mention of the ASIC adviser levy. "We are also very keen to see more clarity soon from the government on the impact of the ASIC levy on the financial advice sector. The costs for advice businesses continue to rise and it is a high priority to minimise ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN | FRIDAY, 10 MAR 2023

... current numbers," Abood said. "This is a significant impost on advisers who already face increased costs from the unfrozen ASIC levy, PI premiums and the increased costs all businesses are facing in the current high inflation environment." As previously ...

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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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