The Australian Securities and Investments Commission (ASIC) has issued its ASIC levy costs for 2023-24.
The ASIC document sees financial advice licensees providing personal advice to retail clients being levied a minimum amount of $1,500 plus $2,878 per adviser.
Licensees providing general advice only will be paying a levy of $2,721 while those providing personal advice to wholesale clients only will pay $976.
worked within the reinsurer that was looking after many super funds like cbus, they actively would teach us staff how…
Seems Industry Super Funds truly believe they should NOT answer to Regulators.
There's a lot of things about the Dixon issue that really stir me up. Things like the badmouthing that Daryl…
After Nerida's grilling perhaps Daryl and Alan should be hauled before the courts. How much did they take home from…
More overreach by ASIC suggesting it knows better than trustees how to invest, and in what assets. And embarrassingly again…
© 2021-2025 Financial Newswire a division of FST Media Pty Ltd
| ABN 17 354 898 863
So $4,378 for a financial adviser with their own afsl? That’s highway robbery.
Govt Theft continually increasing.
Time for Real Advisers to completely rebel against Govt, ASIC, CSLR and tell them to get stuffed.
Real Advisers should on mass boycott Canberra.
It doesn’t seem to discriminate as to whether you hold an AFSL or are an AR – we’re being charged a fee to support a scheme to compensate people with losses relating to the Dixon Advisory debacle.
The scheme was meant to be prospective…in reality, it retrospective. Otherwise, how could it allow for claims relating to advice & product failures from more than 2 years ago.
Remaining advisers (with clean records) and their clients are being punished for ASICs failure to supervise effectively and legally pursue the right people/entities to compensate those who suffered losses as a result of Evans & Co folding/liquidating a subsidiary. It’s sickening!
Plus extra per adviser if they are authorised to provide insurance advice. ASIC wants to destroy all professional advice, but they have a particular hatred of insurance advice.