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ASIC funding levy to charge advisers $46.2m
Financial Standard
|July 14, 2025
The financial advice sector can expect to contribute $46.2 million to ASIC's industry funding levy for the 2025 financial year, new estimates show.
ASIC's Cost Recovery Implementation Statement (CRIS) report shows that advisers who provide personal advice to retail clients on relevant financial products, which comprises most of the sector, will pay $39.3 million.
This is based on 2680 AFSLs with 15,233 advisers. In essence, an AFSL will pay the minimum levy of $1500 plus $2314 for every adviser on their books.
Those that provide general advice only will pay $5.2 million.
This story is from the July 14, 2025 edition of Financial Standard.
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