MDAs face $3,976 ASIC levy

Mike Taylor

Managing Editor and Publisher

14 July 2026

The managed accounts sector continues to be one of the least impacted by the Australian Securities and Investments Commission (ASIC) industry funding regime.

ASIC’s latest summary of the estimated costs and levies for all sectors and sub-sectors has revealed that Managed discretionary account (MDA) providers will pay an estimated 2025/26 levy of $3,976 against the regulator’s estimated costs for the period of $966,000.

For levy purposes, ASIC has lumped MDA providers under the Investment management, superannuation and related services sector within which responsible entities have been identified as carrying the largest share of ASIC attention and costs at $35.035 million translating into a minimum levy of $7,000 plus $16,52 per $1 million of assets above the $10 million threshold.

Superannuation trustees are facing into a minimum levy of $18,000 plus $8.65 per $1 million of assets above the $250 million threshold.

All of this compares to the estimated costs of $48.724 million attributed to financial advice licensees providing personal advice to retail clients translating into a minimum levy of $1,500 plus $3,037 per adviser.