To the People of House District 95
Letter from District 95 State Rep. Taylor Collins
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Letter from District 95 State Rep. Taylor Collins
Relief from the corporate regulator levy, which could have tripled in three years without action, is the biggest win for the industry this year, according to the Association of Financial Advisers.
Industry bodies have welcomed the Government’s decision to implement a temporary reduction in cost recovery levies for the next two years, as well as a review of the industry funding model.
The Association of Financial Advisers has called for a permanent removal of enforcement costs along with costs associated with investigation and actions against unlicensed operators from the corporate regulator’s financial adviser levy.
The cost of recovering additional funding by the Government along with the decrease in the number of advisers year-on-year has led to the corporate regulator’s licensee levy.