Financial Adviser numbers

Question

1. Has Markets Group provided the Assistant Treasurer or Treasurer with any advice regarding the decline in the number of financial advisers or the increased cost of accessing financial advice? On what dates? 2. Does Markets Group assess that higher levies, compliance costs, and regulatory burdens increase the cost of financial advice and the accessibility for lower-income Australians? Has Markets Group provided the Government with any advice on this issue? On what date? 3. Has Treasury analysed how much fees, levies, and taxes (including the CSLR levy, special CSLR levies, and ASIC funding levies) have increased since the Government came to power? Can Treasury outline the increases in each of these?

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000303 Financial Adviser numbers.pdf (opens in a new tab)