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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
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.
<p><span>I am pleased to appear before the Committee once more and welcome Senator Walsh as the new Committee Chair. I am joined today by Deputy Chairs Sarah Court and Karen Chester, Commissioners Sean Hughes and Danielle Press, Chief Operating Officer Warren Day, Executive Director of Strategy Greg Kirk and our General Counsel Chris Savundra.</span></p>