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Showing 1 - 10 of 370 results for "Levy"

Mulino opens CSLR special levy consultation

ELIZA BAVIN  |  TUESDAY, 22 SEP 2026
Treasury has commenced a targeted consultation on the distributions of the 2026-27 special levy for the Compensation Scheme of Last Resort (CSLR). This comes after the CSLR operator announced in July that the estimated claim costs for 2026-27 were $190.3 ...

Stay up to date with regulatory compliance at the FAAA Congress

MATTHEW WAI  |  THURSDAY, 17 SEP 2026
... Sciacca, and FAAA policy and advocacy consultant Andrea Forbes. "We certainly expect to see an answer on the CSLR special levy," Anderson said. "We expect to see some more progress on the education standards, and we'll also talk about the reform ...

MDS drags Treasury to assess FSC levy proposal

RIDDHIMA TALWANI  |  WEDNESDAY, 16 SEP 2026
... consolidation of smaller licensees. In its white paper proposal, the FSC recommends redesigning the ASIC financial advice levy to fund supervisory uplift, by materially increasing the licence-level component while reducing the per-adviser burden. Under ...

Regulatory reform omnibus bill passage trims CSLR levy disallowance period, payouts

KARREN VERGARA  |  TUESDAY, 15 SEP 2026
... passed by both houses on September 14. One section of the legislation reduces the disallowance period of the CSLR special levy instruments while retaining parliamentary oversight. Currently, ASIC does not collect special levies until the 15 sitting day ...

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... which includes a proposed amendment to the Corporations Act that will reduce the disallowance period of the CSLR special levy instruments while retaining parliamentary oversight. "This will allow the CSLR special levy for the 2026-27 levy period to be ...

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
... not be affected by the tax. If no beneficiary is made entitled to trust income, the highest marginal rate plus the Medicare levy will continue to generally apply to the income in the hands of the trustee," he said. Treasury estimates that less than 10% ...

Industry reacts to Mulino's sweeping reforms

RIDDHIMA TALWANI  |  THURSDAY, 20 AUG 2026
... concerns and will not proceed with cooling-off periods for rollovers to SMSFs, advice fee caps or an opt-in/opt-out CSLR special levy model for SMSFs. "These were all options that were previously on the table in the lead-up to [the] final package of ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... next year. The government will apply the waterfall model outlined in a recent consultation to the $170.3 million special levy attributed to the financial advice subsector for the 2026-27 financial year. "But applying the waterfall model doesn't mean ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... interrupt harmful practices," he said. Additionally, the government will align the collection of the first SMSF supervisory levy with fund establishment and increase the levy for the first time since 2013 to ensure the ATO is adequately resourced to ...

AI advice boom highlights urgent need for affordable advice: SMC

VINNY VUCAGO  |  THURSDAY, 13 AUG 2026
... DBFO reforms and measures to grow the advice profession. According to FAAA research, nine in 10 advisers expect the CSLR levy to further increase the cost of advice, with the average practice facing a bill running into thousands of dollars per adviser. ...
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