Compensation Scheme of Last Resort releases FY26 initial levy estimate

The initial levy estimate for the upcoming financial year has been calculated at $77,975,000. Of this estimate, $70.11m is attributed to financial advice, $2.80m to credit provision services, $2.72m to credit intermediaries and $2.34m to the securities dealing sub-sector. A detailed breakdown for each licensee can be found on the ASIC website. Once passed, the levy notices will be available for account holders via the ASIC regulatory portal.