There are false assumptions by Treasury in its 23 June 2023 IFM Final Report which likely misled The Treasurer to reintroducing the anti-competitive ASIC Supervisory Cost Recovery Levy ACT (2017) which levies AFSL licensees who have done no wrong, after ASIC has already paid Treasury the penalties and fines paid by wrong doers, so Treasury is doubling up, ie, Hon Stuart Robert said in early 2023 that Treasury is making 1.6 times ASIC's enforcement costs, because penalties and fines are not accounted back to the $44.6 million levy gross. It is crook Treasury accounting. AFA found this 3 years ago and reported to financial advisers. SIAA also reported this to the Senate Economics References Committee in online Hearing dated Wednesday 3 October 2023. The Treasurer should be ashamed at punishing the financial adviser workers of Australia, because we work with high professional skill due diligence against a plague of problems in the products of financial institutions for no fee or compensation! Two wrongs do not make it right in these Domestic Governance failings, when there should be 200,000 financial advisers in Australia, not 16,000.