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ASIC levy reflects ramped up enforcement: FBAA

ASIC levy reflects ramped up enforcement: FBAA
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ASIC’s raised industry funding levies reflect higher enforcement against brokers and could add to other increasing costs, the head of the Finance Brokers Association of Australia has said.
ASIC released its draft Cost Recovery Implementation Statement for the 2020-21 year on Friday (23 July), with expectations of what each finance sector will be charged to fund its regulation.
The levies, which are based on ASIC’s regulatory costs and business metrics, will be finalised in December and invoiced in January next year.
The regulator is forecast to recover $44.5 million in total levies from the deposit-taking and credit sector – contributing to a grand total of $337.5 million to be recovered across financial industries. ....

Sarah Simpkins , Peter White , Adviser New Broker Academy , Brokers Association Of Australia , Council Of Financial , Cost Recovery Implementation Statement , Finance Brokers Association , Financial Regulators , New Broker Academy , Mortgage Business , சாரா சிம்ப்கின்ஸ் , பீட்டர் வெள்ளை , தரகர்கள் சங்கம் ஆஃப் ஆஸ்திரேலியா , சபை ஆஃப் நிதி , செலவு மீட்பு செயல்படுத்தல் அறிக்கை , நிதி தரகர்கள் சங்கம் , நிதி கட்டுப்பாட்டாளர்கள் , அடமானம் வணிக ,

ASIC levy increase will cause more practices to close: FPA

“In light of extended lockdowns across the nation, the FPA questions the validity and timing of the increase, with millions of Australians unable to work and some businesses struggling to keep staff employed,” De Gori said.
“The FPA strongly recommends that the ASIC industry levy be reviewed immediately to provide a more equitable and predictable annual levy, and for the year-on-year increases to better reflect the capacity of the financial planning profession.”
The FPA acknowledged the need for an industry-funded regulatory model but said two major issues had become apparent since the levy was first applied in the 2017-2018 fiscal year. ....

Financial Planning Association Of Australia , Investments Commission , Australian Securities , Financial Planning Association , Cost Recovery Implementation Statement , நிதி திட்டமிடல் சங்கம் ஆஃப் ஆஸ்திரேலியா , முதலீடுகள் தரகு , ஆஸ்திரேலிய பத்திரங்கள் , நிதி திட்டமிடல் சங்கம் , செலவு மீட்பு செயல்படுத்தல் அறிக்கை ,

Credit industry faces higher ASIC levies

Mortgage Business
Credit industry faces higher ASIC levies
By Sarah Simpkins
26 July 2021
Banks, mortgage brokers and lenders could receive sizeably larger bills for ASIC’s industry levies come January 2022.
ASIC has published its draft Cost Recovery Implementation Statement for the 2020-21 financial year, with expectations of what each finance sector will be charged to fund its regulation.
The levies, which are based on ASIC’s regulatory costs and business metrics, will be finalised in December and invoiced in January next year.
The regulator has invited feedback on the draft statement, which can be submitted until 13 August. ASIC is forecast to recover $44.5 million in total levies from the deposit-taking and credit sector – contributing to a grand total of $337.5 million to be recovered across f ....

Sarah Simpkins , Adviser New Broker Academy , Macquarie Group , Cost Recovery Implementation Statement , Cost Recovery Levy , New Broker Academy , Mortgage Business , சாரா சிம்ப்கின்ஸ் , மக்வரீ குழு , செலவு மீட்பு செயல்படுத்தல் அறிக்கை , செலவு மீட்பு வசூல் செய்தல் , அடமானம் வணிக ,

ASIC Publishes Cost Recovery Implementation Statement 2020-21 For feedback

ASIC Publishes Cost Recovery Implementation Statement 2020-21 For feedback
Date
23/07/2021
ASIC today published its draft Cost Recovery Implementation Statement (CRIS) for 2020-21. The CRIS outlines ASIC’s estimated regulatory costs for 2020-21 and how these will be recovered as industry levies under the industry funding model.
The indicative levies published in the CRIS are based on our planned regulatory work and associated costs for the 2020–21 financial year. Final industry levies will be based on ASIC’s actual regulatory costs and the business metrics submitted by entities in each subsector. Final levies will be published in December 2021 and invoiced in January 2022. ....

Cost Recovery Implementation Statement , செலவு மீட்பு செயல்படுத்தல் அறிக்கை ,

ASIC levy to soar for new financial year

ASIC levy to soar for new financial year
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Tony Zhang , Cost Recovery Implementation Statement , டோனி ஜாங் , செலவு மீட்பு செயல்படுத்தல் அறிக்கை ,