ASIC throws hands up at levy
ASIC has insisted its hands are tied when it comes to the industry levy, saying ultimate responsibility for the funding model falls to the government, but the financial services minister has rejected that claim.
The summary of actual levies for the 2020 year revealed ASIC will charge a minimum levy of $1,500 per licensee that provides personal advice to retail clients, plus $2,426 per adviser – a significant rise on the $1,571 per adviser listed in the regulator’s cost recovery implementation statement in June 2020.
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