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'Give us a fair go': Practitioners left scratching their heads over ASIC's latest estimated industry funding levy

2 minute read object(stdClass)#18843 (8) { [ image intro ]=> string(68) images/articleimages-391x261/850x492/Amir-Ghandar Jane-Rennie ad.jpg [ float intro ]=> string(0) [ image intro alt ]=> string(94) Practitioners left scratching their heads over ASIC’s latest estimated industry funding levy [ image intro caption ]=> string(0) [ image fulltext ]=> string(0) [ float fulltext ]=> string(0) [ image fulltext alt ]=> string(0) [ image fulltext caption ]=> string(0) } John Buckley A A ASIC released its latest cost recovery implementation statement for the 2021 financial year last week which shows that costs allocated by the corporate regulator to the advice sector have soared by more than $16 million, up more than 340 per cent over the last four years. ....

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De Gori to leave FPA | Money Management


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Financial Planning Association of Australia (FPA) chief executive, Dante De Gori will step down from the role at the end of 2021. 
De Gori had been CEO of the association for six years and had been with the FPA for almost 12 years. 
FPA chair, Marisa Broome, said: “From his original appointment to work as the FPA head of policy and government relations, then adding professional standards to his remit through to his appointment as chief executive in March 2016, Dante has always put the profession of financial planning and the FPA members first. Dante will leave a lasting positive legacy at the FPA”.  ....

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ASIC levy increase will cause more practices to close: FPA


“In light of extended lockdowns across the nation, the FPA questions the validity and timing of the increase, with millions of Australians unable to work and some businesses struggling to keep staff employed,” De Gori said.
“The FPA strongly recommends that the ASIC industry levy be reviewed immediately to provide a more equitable and predictable annual levy, and for the year-on-year increases to better reflect the capacity of the financial planning profession.”
The FPA acknowledged the need for an industry-funded regulatory model but said two major issues had become apparent since the levy was first applied in the 2017-2018 fiscal year. ....

Financial Planning Association Of Australia , Investments Commission , Australian Securities , Financial Planning Association , Cost Recovery Implementation Statement , நிதி திட்டமிடல் சங்கம் ஆஃப் ஆஸ்திரேலியா , முதலீடுகள் தரகு , ஆஸ்திரேலிய பத்திரங்கள் , நிதி திட்டமிடல் சங்கம் , செலவு மீட்பு செயல்படுத்தல் அறிக்கை ,