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Showing 1 - 10 of 357 results for "Levy"

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

VINNY VUCAGO  |  FRIDAY, 17 JUL 2026
... unsustainable pressure on small advice businesses. The industry body said the estimated 27% increase in the ASIC funding levy, combined with the recently announced CSLR special levy, could leave advisers paying more than $5000 each, renewing called for ...

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 ...

Government consults on discretionary trust tax

MATTHEW WAI  |  THURSDAY, 9 JUL 2026
... be affected by the tax, and if no beneficiary is made entitled to trust income, the highest marginal rate and the Medicare levy will also continue to generally apply to the income in the hands of the trustee. Currently, less than 15% of small businesses ...

Financial services CSLR Levy hits $198m

MATTHEW WAI  |  THURSDAY, 2 JUL 2026
The Compensation Scheme of Last Resort (CSLR) has increased the estimated FY27 levy to be paid by the financial services sector to $198.1 million, a $60.7 million increase from its initial estimate announced in November 2025. The latest update expects ...

Accounting sector rejects shifting CSLR costs to SMSFs

VINNY VUCAGO  |  THURSDAY, 11 JUN 2026
... investors who ultimately bear the losses. The groups said the scheme's funding pressures have become increasingly sever, with the levy projected to rise from $4.8 million in 2024 to $75.7 million in 2026 and potentially reach $127 million by 2027. CPA ...

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 ...
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