ASIC funding levy must be addressed or more practices will close: FPA
The latest ASIC estimated industry funding levy proves that the current formula is “not equitable or sustainable”, according to FPA.
On Friday, the corporate regulator released its cost recovery implementation statement for the 2021 financial year that shows that the costs allocated by ASIC to the advice sector have increased by more than $16 million, up by over 340 per cent in the last four years.
Read more at SMSF Adviser.
