Submitted by Simon on Thu, 2023-08-17 11:24

Can someone explain to me why ASIC is chasing CBA and Colonial when neither of them contribute to ASIC through the funding levy? Small business advisers now pay for ASIC and therefore this legal action by ASIC is costing us money. Even if ASIC win any fines collected go to government consolidated revenue therefore this type of legal action is a cost borne by us.

The content of this field is kept private and will not be shown publicly.
 

MARKET INSIGHTS

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

David Williams

'Hypersensitised' advice is likely to be successful if based on a more hypersensitive approach to each person. This is ...

7 hours 45 minutes ago
JOHN GILLIES

I CAN NOT THINK OF A WORD TO SAY HOW BLOODY STUPID CAN YOU GET JG...

1 day 4 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 1 week ago