ASIC confirms 2024-25 industry levy



ASIC has confirmed the industry funding levy for the 2024–25 financial year and how much licensees can expect to pay.
According to its annual Cost Recovery Implementation Statement (CRIS), ASIC said the estimated cost for licensees that provide personal advice to retail clients on relevant financial product will be $39.2 million.
This is down 12 per cent from $45 million last year, a figure that was already revised down in December 2024 from $48.3 million in initial estimates.
The estimated levy will be a minimum levy of $1,500 plus $2,314 per adviser for licensees that provide personal advice to retail clients on relevant financial products, this is also down from $2,691 in the previous levy.
However, for licensees that provide general advice only, this year’s estimated levy has risen substantially from $2,494 to $4,665. Estimated costs have risen from $2.7 million to $5.2 million.
Licensees that provide personal advice to wholesale clients only have seen their levy largely unchanged at $825, up from $812 last year while estimated total costs have risen from $1.61 million to $1.64 million.
The total for the financial advice sector overall is $46.1 million, down from $53.5 million last year.
Sub-sector |
Estimated levy |
Estimated cost |
Licensees that provide personal advice to retail clients on relevant financial products |
Minimum levy of $1,500 plus $2,314 per adviser |
$39.271m
|
Licensees that provide personal advice to retail clients on products that are not relevant financial products |
$80 |
$0.044m |
Licensees that provide general advice only |
$4,665 |
$5.234m |
Licensees that provide personal advice to wholesale clients only |
$825 |
$1.642m |
Source: ASIC, July 2025
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