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Showing 1 - 8 of 8 results for "Financial Institutions Supervisory Levies"

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
Treasury has proposed a 1.5% increase in the Financial Institutions Supervisory Levies for the 2023-24 financial year, including a $7.2 million budgetary boost for APRA. Treasury papers revealed the total funding required under the levies in 2023-24 ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... previously reported on by Financial Standard, ASFA also called for greater detailing of financial institutions supervisory levies. The body said: "It's incumbent upon regulators to provide genuine transparency and accountability regarding the manner ...

Super industry levies insufficiently detailed: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 15 JUN 2022
... within the industry that regulators are functioning well." However, with respect to the Financial Institutions Supervisory Levies, ASFA supposed that it didn't provide sufficient detail for the industry to adequately understand how the proposed levies ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... offset by a corresponding increase in the Australian Prudential Regulation Authority Financial Institutions Supervisory Levies, he said.

Royal Commission sees increased ASIC, APRA funding

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... The Government said these payments will be offset by a $2.7 million increase in APRA financial institutions supervisory levies in 2018-19 and $10.6 million recovered as part of ASIC's industry funding model. Overall, ASIC's budget estimate for 2018-19 ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... financial system activities and products, to be offset by a $26.8 million increase in APRA Financial Institutions Supervisory Levies over the next four years including amortisation. APRA will also receive $4.2 million over the next four years to assist ...

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
... Institute of Superannuation Trustees has labeled Treasury's consultation paper on proposed financial institutions supervisory levies as insufficient and non-compliant with government guidelines. In its submission to Treasury the AIST said the proposed ...

ASIC levies up 150pct

KERRIE SYDEE  |  TUESDAY, 10 MAY 2016
The federal government has released a discussion paper outlining proposed financial institutions supervisory levies for the 2016-17 financial year, citing a 150% increase in the total levies funding required for ASIC. The proposed levies reveal that ...
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