I think Senator Andrew Bragg is on the right track to ask ASIC, because its investigations and enforcements costs are used to calculate financial advisers' ASIC Industry Funding Levy. Today I received email from ASIC to prepare to pay 2022-23 Industry Funding Levy. 16,000 financial advisers on ASIC's Financial Adviser Register do not know what we are paying for. I suggest that 16,000 financial advisers under Freedom of Information ACT should request the same information as Senator Bragg. My guess is that the majority of ASIC's enforcement costs may not be related to FAR registered advisers, but we are the 'guinea pigs' paying for it. It is seriously suspicious that the Minister of Financial Services wants to hide this ASIC information. Hon Stuart Roberts is on the public record saying that Treasury gains 1.6 times ASIC's enforcements costs by (1) ASIC collects from financial advisers and (2) when wrong doers pay penalties, it is not credited back to financial advisers’ levy but a windfall gain to Treasury. In effect, it is Legislated abuse of financial advisers that reduced its numbers from 28,000 in 2017 to 16,000 in 2023, that obviously increased the competitive advantage of big banks and industry super funds. Federal Labor is not interested in supporting financial advisers as agents for their clients, as required under the Australian Corporations ACT. The Financial Advice Association Australia (FAAA) should arrange for every member to send an FOI request for the same information requested by the good Senator Andrew Bragg.