Loading ...Our latest poll question arises after Budget 2026 introduced a new prudential levy on insurers, banks, non‑bank deposit takers and other financial market participants to help cover the costs of their own regulation and supervision.
Do you think this is a reasonable position for the Government to adopt?
Finance Minister, Nicola Willis, had noted in her Budget announcement that this mirrors the approach taken by the FMA and the Commerce Commission “..which fund much of their activity through levies on financial market participants.” (See: Budget 2026 – Financial Sector to Bear the Cost for Regulation).
Willis had also said the move was consistent with international practice in countries like Australia, Canada and the United Kingdom.
“This levy will ensure the cost of regulation and supervision is borne by financial market players rather than taxpayers,” she said.
Willis says the prudential levy is estimated to recover around $209 million over the next four years.
We are interested to understand how advisers feel about the new levy and if you see it as a fair call by the Government. We will report back next week…