industry funding

Financial planning

‘Much too high’: FAAA advocates further ASIC levy reduction

While ASIC’s estimated FY24 levy only saw a slight $60 rise per adviser compared to the previous year, FAAA’s Sarah Abood believes it is still too high for a shrinking in...

Financial planning

10 ways ASIC’s industry funding model could change

The government has made 10 recommendations on ASIC’s industry funding model following a Treasury review and confirmed the temporary levy relief for personal financial adv...

Policy & Regulation

ASIC calls on businesses to fulfil funding obligations

The regulator has called on businesses to submit some operational information before 27 September 2018 as part of industry funding arrangements introduced last year....

Financial planning

Advice, super sector faces ASIC levies

The financial advice sector will be slapped with a fixed levy of $1,500 under ASIC’s cost recovery framework, while super trustees will face a 'graduate component' based ...

Financial planning

ASIC funding model targets innocent advisers

The ASIC industry funding model bill failed to differentiate between miscreants and those advisers who did the right thing and provided no discounts for the latter....

Financial planning

ASIC advice levy to cost $24m

The financial advice industry could be expected to pay $24 million in levies to fund ASIC under the industry funding model, with much of it falling on personal advice pro...

Funds management

DomaCom moves into IPO mode

Property crowdfunding business, DomaCom, has announced the opening of its initial public offering with an aim to raise $10 million....

Financial planning

Industry to foot ASIC reform package costs

The Government has announced a $127.2 million reform package for ASIC, with costs to be recovered from all industry sectors regulated by ASIC. ...

Policy & Regulation

ASIC funding model needs transparency

The AIST called for transparency on ASIC’s industry funding model, cautioning against any decision-making until a cost recovery impact statement was available. ...

Financial planning

ASIC funding model 'one-size-fits-all'

The paper on an industry funding model for ASIC fails to highlight its merits compared to alternative models working well in other jurisdictions, the Governance Institute...