“Generally, costs are attributed to the industry subsector or subsectors where the regulatory effort is directed, based on the particular issues in the case. In the case of an unlicensed financial advice, ASIC’s enforcement costs will be borne, at least in part, by the relevant financial advice subsector, if the misconduct is primarily in the nature of the provision of financial advice,” an ASIC spokesperson told ifa.
Read more at the ifa.
