‘Give us a fair go’: Practitioners left scratching their heads over ASIC’s latest estimated industry funding levy
The latest ASIC estimated industry funding levy proved a “sobering read” for auditors and advisers, while the profession’s peak bodies have described the funding model as one that’s “broken and not fit for purpose”.
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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