The FAAA is convinced that ASIC made an accounting error when calculating adviser levies. Addressing a parliamentary inquiry into the Australian Securities and Investments Commission (ASIC) last week
It is not clear yet whether the increase to the ASIC levy for advisers will drive more from the profession, but it is another layer of pressure added onto advice businesses. At the end of June, the
ASIC Releases 2022-23 Cost Recovery Implementation Statement miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
The government has made 10 recommendations on ASIC’s industry funding model following a Treasury review and confirmed the temporary levy relief for personal financial advisers will not be extended.
The federal government will lift the financial adviser levy freeze as it unveils recommendations that make minor changes to the industry funding model following a review.