levy

Financial planning

Will the QOA recommendations reset digital advice?

As the financial advice industry awaits the Government’s response to the Quality of Advice Review, Ignition Advice is hoping for a proper reset of the rules around digita...

Financial planning

Digital tools to offer pathway to simple advice: Levy

Michelle Levy is expecting to see a rise in digital tools as she believes it is unnecessary for all advice to be provided to consumers by a financial adviser....

Financial planning

‘Law is the wrong way round’: Levy

Michelle Levy has determined “the law is the wrong way round” ahead of the publication of the Quality of Advice Review next month....

Policy & Regulation

How much will advisers pay in 2021/22 levy?

The Australian Securities and Investments Commission has released its latest cost recovery implementation statement for 2021/22, providing an estimated levy for financial...

Financial planning

What is the ASIC levy funding?

There were six main areas the corporate watchdog focused on which led to a $16.5 million increase in costs of regulating the financial advice sector....

Policy & Regulation

Want the ASIC levy decreased? Lobby Josh Frydenberg

The Association of Financial Advisers has urged members to directly lobby the Federal Treasurer, Josh Frydenberg if they want ASIC’s proposed levy increase reduced....

Policy & Regulation

APRA gives major banks some levy lee-way

The Australian Prudential Regulation Authority has granted the major banks some lee-way around the obligations to the Government’s new major banks levy....

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 ...

Editorial

ASIC wins the EDR debate but at whose cost?

Mike Taylor writes that the Australian Securities and Investments Commission was fundamental to the changes being wrought on the financial services external dispute resol...

Financial planning

Raising advice bar may reduce ASIC levy

Advice practices that implement the new professional and ethical standards and improve financial advice standards could eventually have to pay less levy to fund ASIC. ...