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A veteran self-licensed financial adviser has sought hardship relief from the tripling of the Australian Securities and Investments Commission levy, outlining his complaints in a formal letter to the Commonwealth Ombudsman.
Research and analyse innovation, competition and emerging harms; Provide proposals for law reform and assist in its development; Identify and plan for the impact on external stakeholders and internal capabilities; and Provide submissions to parliamentary and Government inquiries on law reform issues. The good news for financial advisers is that the amount ASIC is attributing to policy advice for them is lower than that for insurance companies $447,000 and superannuation funds $1.456 million. The cost of ASIC providing policy advice to Government and other entities has been revealed not long a...
Five planning and accounting groups have united to press the Government to override the Australian Securities and Investments Commission on its proposed levy increases citing the mass exodus of advisers from the industry.