{"id":77963,"date":"2025-07-08T11:33:03","date_gmt":"2025-07-08T00:33:03","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=77963"},"modified":"2025-07-15T10:27:17","modified_gmt":"2025-07-14T23:27:17","slug":"estimated-industry-levies-announced","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/07\/08\/estimated-industry-levies-announced\/","title":{"rendered":"Industry Levy Estimate Cut by $500"},"content":{"rendered":"<p>Provisional industry funding levies have been released by ASIC for the 2024-25 financial year and show advisers will pay $500 less than last year.<\/p>\n<p>While figures won&#8217;t be confirmed until December, AFS licensees are currently looking at a minimum levy of $1,500, plus an additional $2,314 for each of the country&#8217;s 15,233 advisers. The estimate is lower than in the 2023-24 year when it was $2,878 per adviser.<\/p>\n<p>See: <a href=\"https:\/\/riskinfo.com.au\/news\/2024\/07\/08\/asic-releases-cris-funding-levy-estimate\/\" target=\"_blank\" rel=\"noopener\">ASIC Releases CRIS Funding Levy Estimate<\/a>.<\/p>\n<p>Levies are based on ASIC&#8217;s estimated cost of regulating licensees that provide personal advice to retail clients, which is projected to be $39.27m for the 2024\u201325 financial year.<\/p>\n<p>The figures appear in the organisation&#8217;s <a href=\"https:\/\/download.asic.gov.au\/media\/oi5bivf2\/2024-25-cris-f-financial-advice-sector-published-3-july-2025.pdf\" target=\"_blank\" rel=\"noopener\">Cost Recovery Implementation Statement<\/a>, which outlines how it will recover regulatory costs from industry under the industry funding model.<\/p>\n<p>Total estimated recoverable costs are $349.3m, a 6% increase from the $328.1m recovered in 2023\u201324. This increase, states ASIC, reflects additional funding to support:<\/p>\n<ul>\n<li>Implementation of the scams prevention framework<\/li>\n<li>Mandatory climate-related financial disclosures<\/li>\n<li>Beneficial ownership transparency reforms<\/li>\n<li>Enhancements to ASIC\u2019s data capability and cyber security<\/li>\n<\/ul>\n<p>The cost recovery statement provides estimated regulatory costs and levies for each of ASIC\u2019s 52 regulated subsectors to help entities plan and budget for levies and fees to be charged.<\/p>\n<p>Final levies will be published in December 2025 and invoiced between January and March 2026.<\/p>\n<figure id=\"attachment_77965\" aria-describedby=\"caption-attachment-77965\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77965\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2025\/07\/asic-levies-2024-2025.jpg\" alt=\"ASIC's unconfirmed indication of its industry levies for the 2024-25 year.\" width=\"1000\" height=\"643\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2025\/07\/asic-levies-2024-2025.jpg 1000w, https:\/\/riskinfo.com.au\/news\/files\/2025\/07\/asic-levies-2024-2025-300x193.jpg 300w, https:\/\/riskinfo.com.au\/news\/files\/2025\/07\/asic-levies-2024-2025-768x494.jpg 768w, https:\/\/riskinfo.com.au\/news\/files\/2025\/07\/asic-levies-2024-2025-696x448.jpg 696w, https:\/\/riskinfo.com.au\/news\/files\/2025\/07\/asic-levies-2024-2025-653x420.jpg 653w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-77965\" class=\"wp-caption-text\">ASIC&#8217;s unconfirmed indication of its industry levies for the 2024-25 year.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Provisional industry funding levies have been released by ASIC for the 2024-25 financial year and show advisers will pay $500 less than last year. While figures won&#8217;t be confirmed until December, AFS licensees are currently looking at a minimum levy of $1,500, plus an additional $2,314 for each of the country&#8217;s 15,233 advisers. The estimate [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":77967,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,8268],"tags":[],"class_list":["post-77963","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-taxation"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/77963","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=77963"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/77963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/77967"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=77963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=77963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=77963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}