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Showing 1 - 10 of 51 results for "Industry Funding"

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
... registers. Pulse Markets also failed to provide financial statements on separate occasions and failed to pay its industry funding levy for FY24, ASIC said. The entity also did not undergo an audit of its compliance with the financial conditions of its ...

ASIC cancels CPG Research & Advisory's AFSL

RIDDHIMA TALWANI  |  FRIDAY, 10 OCT 2025
... October 7. The cancellation comes after CPG ceased to carry on a financial services business and failed to pay industry funding levies, which were outstanding for over 12 months. CPG held the AFSL since 28 January 2004 and has serviced over 50 wholesale ...

CSLR a 'shared responsibility' for all AFCA members: SMSFA

MATTHEW WAI  |  THURSDAY, 11 SEP 2025
... members, are currently not responsible for the significant shortfall. "There is no element of the current CSLR's industry funding model that is predicated on direct industry culpability for instances or classes of misconduct," Burgess said. "In these ...

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
The financial advice sector can expect to contribute $46.2 million to ASIC's industry funding levy for the 2025 financial year, new estimates show. ASIC's Cost Recovery Implementation Statement (CRIS) report shows that advisers who provide personal ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
... lodge annual compliance certificates on time; failing to comply with a condition of the licence; failing to pay industry funding levies owed to ASIC; and/or ceasing its financial services business. Stated under section 912A of the Corporations Act, AFSL ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... reasonable steps should be taken to ensure levies charged on industry subsectors, like financial advice, under the Industry Funding Model are reduced commensurate with this increased resourcing to the regulator. It added that regulators should be accountable ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... minister's office to support and encourage further changes including the implementation of the improvements to the Industry Funding Model that were recommended by Treasury in its recent review," Abood said. Separately, the FAAA hired Louise Trevaskis ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... called for the freeze to be reinstated, particularly given the recommendations from the recent review of the industry funding model haven't been implemented and there's far less financial advisers in the industry today. "We do acknowledge the government ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... government will lift the financial adviser levy freeze as it unveils recommendations that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday announced that ...

FPA seeks broader scope for CSLR

CHLOE WALKER  |  MONDAY, 10 OCT 2022
... for a further 12 months to ensure cost certainty for the sector during FY2022/23, while Treasury reviews ASIC's Industry Funding Model. "The current freeze has recognised the negative impact that ongoing significant ASIC industry fee increases have had ...
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