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Reflections From The ASIC Chair: Speech By Chair Joseph Longo At The Law Council Of Australia Business Law Section Corporations Workshop, 4 June 2022

<p>Good morning everyone.</p> <p>I would like to begin by acknowledging the Traditional Owners and Custodians of the lands on which we meet today, and to pay my respects to their Elders past, present and emerging. I extend that respect to Aboriginal and Torres Strait Islander people present today.</p>

A great position to succeed : Industry bodies look ahead to 2022

ASIC explains three drivers for adviser levy increase

Professional Planner editor Matt Smith speaks with ASIC s Leah Sciacca ASIC has defended the 30 per cent projected adviser levy increase, with acting senior executive leader for financial advisers Leah Sciacca detailing some of the enforcement, surveillance and project work behind the costings at the Professional Planner Best Practice Forum Tuesday afternoon. The projected increase in the levy was top of the agenda for the session, with Sciacca saying the regulator “recognises, obviously” that the $3,138 estimate of the graduated component is an increase on the actual $2,426 charged last year. Sciacca – herself is a former financial adviser who has been at ASIC for 11 years but only in her current role “for a few weeks” – said she could understand, “from an adviser’s perspective” how they would feel seeing the cost increase, “particularly if they feel as though there’s no regulatory efforts directed specifically towards them”.

More RoAs, better guidance: ASIC to move on new initiatives

More RoAs, better guidance: ASIC to move on new initiatives
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