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Showing 1 - 10 of 352 results for "Levy"

Super funds push back on CSLR: SMC

VINNY VUCAGO | TUESDAY, 2 JUN 2026

... forecasts, with claims related to the Sheild and First Guardian collapses yet to fully emerge. The council criticised a proposed "levy waterfall" model that would spread costs across broader sections of the financial services industry once sectors directly ...

CSLR levy must be directed towards bad actors: Burgess

MATTHEW WAI | FRIDAY, 29 MAY 2026

... greater accountability around the distribution and production of managed investment schemes (MISs), instead of forcing a levy towards self-managed super fund investors. Burgess attended a roundtable hosted by minister for financial services Daniel Mulino ...

FAAA pushes for 'fundamental' changes to CSLR

KARREN VERGARA | TUESDAY, 26 MAY 2026

... FAAA said. Given many advisers run small businesses, the FAAA said it is only fair the sector pays no more than the base levy of $20 million. Treasury's proposed "waterfall approach" wants to apply the first $40 million of CSLR levies to financial ...

APRA funding levy rises to $253m

KARREN VERGARA | TUESDAY, 26 MAY 2026

APRA's funding levy will rise by 4.2% to $253.3 million for the 2027 financial year, Treasury estimates show, with superannuation funds expected to cover one third of this charge. Split across the sectors it regulates, APRA apportioned $81.2 million ...

CALI calls for government to help fund CSLR

MATTHEW WAI | WEDNESDAY, 20 MAY 2026

... Australia. Addressing the growing concerns of the viability of risk advice, CALI chief executive Christine Cupitt argued the CSLR levy should be spread across the broader financial services sector and the government, rather than saddling advisers with ...

Budget boosts fuel security, misses clean energy opportunities

KARREN VERGARA | THURSDAY, 14 MAY 2026

... Council Councillor Nicki Hutley said gas export taxes remain unchanged, despite analysis indicating an improved gas export levy could generate $17 billion annually, representing upwards of $50 billion in foregone revenue over the forward estimates - ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI | FRIDAY, 8 MAY 2026

... survey conducted by the Financial Advice Association Australia (FAAA) shows the Compensation Scheme of Last Resort (CSLR) levy will increase the cost of financial advice and may see a significant departure of advisers from the industry. The findings ...

Treasury's proposal adds flexibility for new advisers: FAAA

MATTHEW WAI | WEDNESDAY, 22 APR 2026

... of other reforms that could act as a disincentive for potential new entrants, including through the imposition of further levy increases or other limitations on the provision of financial advice." Access to ATO Portal Meanwhile, a submission as part ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI | THURSDAY, 9 APR 2026

... their responses. "In the current system, a declining number of financial advisers are paying the largest share of the CSLR levy despite having nothing to do with the misconduct that gave rise to the need for consumer compensation," Abood said. "Bi-partisan ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA | WEDNESDAY, 8 APR 2026

... address the incessant funding shortfall, Treasury is asking for stakeholder feedback on implementing "a rules-based special levy 'waterfall' framework to respond more predictably to large-scale, investment-related losses arising from personal ...

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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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