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Showing 1 - 10 of 54 results for "Industry Funding"

FAAA warns adviser levies could exceed $5k as ASIC costs climb

VINNY VUCAGO  |  FRIDAY, 17 JUL 2026
... allocation methodology and urged the government to implement Treasury's 2023 recommendations to reform he ASIC industry funding model.

NAB-owned WealthHub cops $1m ASIC fine

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
... monitoring trading activity, detecting misconduct such as insider trading and market manipulation, and calculating industry funding levies. The MDP found WealthHub repeatedly omitted the Intermediary ID from orders and trade reports submitted to market ...

ASIC levy estimates jump 19% as regulator ramps up funding

VINNY VUCAGO  |  MONDAY, 13 JUL 2026
ASIC has lifted its estimated industry funding levy by almost 20% for 2025-26, with regulated entities expected to shoulder $400.5 million in regulatory costs as the corporate watchdog expands its supervision and enforcement activities. The regulator's ...

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 ...
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