{"id":66572,"date":"2023-07-04T21:10:25","date_gmt":"2023-07-04T10:10:25","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=66572"},"modified":"2023-07-07T14:27:41","modified_gmt":"2023-07-07T03:27:41","slug":"one-sided-poll-result","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/07\/04\/one-sided-poll-result\/","title":{"rendered":"One-Sided Poll Result"},"content":{"rendered":"<div id=\"polls-305\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>It's reasonable that the freeze on the ASIC adviser levy has now been removed after two years.<\/strong><\/div><div id=\"polls-305-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Disagree <small>(88%)<\/small><div class=\"pollbar\" style=\"width: 88%\" title=\"Disagree (88% | 123 Votes)\"><\/div><\/li>\n\t\t<li>Agree <small>(7%)<\/small><div class=\"pollbar\" style=\"width: 7%\" title=\"Agree (7% | 10 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(4%)<\/small><div class=\"pollbar\" style=\"width: 4%\" title=\"Not sure (4% | 6 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_305_nonce\" name=\"wp-polls-nonce\" value=\"e1a3ed773d\" \/>\n<\/div>\n\n<p>The result of our latest poll was not unexpected, with advisers delivering a resounding &#8216;thumbs down&#8217; in their reaction to news of the removal of the freeze on the ASIC adviser levy.<\/p>\n<p>Always an issue with this poll was the fact that it was released a day before confirmation of what the estimated adviser levy was to be for the 2022\/23 financial year. Advisers would have had an idea of the possible amount, though, based on ASIC&#8217;s projections of what the levies would have been in 2020\/21 and 2021\/22 had the freeze not been implemented. But in the end, enough votes had been cast before the announcement of the estimated levy amount for 2022\/23 to the extent that its disclosure did little to swing the pendulum from what was already a one-sided result.<\/p>\n<p>When the new levy amount was announced last week, industry reaction was swift and damning, with the FAAA describing the outcome as both drastic and unfair (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2023\/06\/29\/drastic-and-unfair-levy-increase-faaa\/\" target=\"_blank\" rel=\"noopener\">&#8216;Drastic and Unfair&#8217; Levy Increase&#8230;<\/a>).<\/p>\n<p>Such a significant increase at a time when so many practices in the ever-shrinking financial advice market continue to struggle with the commercial challenges impacting their businesses will make it seem to some &#8211; perhaps to many &#8211; that the sector is taking one step forward and two steps back as it continues to navigate its future.<\/p>\n<p>Our poll remains open for another week and we welcome your thoughts&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The result of our latest poll was not unexpected, with advisers delivering a resounding &#8216;thumbs down&#8217; in their reaction to news of the removal of the freeze on the ASIC adviser levy. Always an issue with this poll was the fact that it was released a day before confirmation of what the estimated adviser levy [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":66574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3,49],"tags":[],"class_list":["post-66572","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-general","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/66572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=66572"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/66572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/66574"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=66572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=66572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=66572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}