ASIC industry funding model

Personal advice levy

The model for licensees providing tier 1 personal financial advice (section 43) includes a fixed levy component plus a graduated levy component using the following formula:

The minimum levy component is $1,500. You must add to this amount the graduated levy component based on the following formula:

Other levies may apply to financial planners

It is important to remember that the application of each levy is determined by the authorisations held on your licence and the definition of each section within the Regulations. Hence, in addition to the personal advice levy, you may also incur the following levies:

Other advice levies

If you do not provide tier 1 personal advice, or if you change your advice authorisation during the financial year, you may fall into the following advice levy sub-sectors:

Visit ASIC website for further detail on the operations of the Industry Funding model.

Read the Regulations

Read the Explanatory Memorandum

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