As the number of AFSL cancellations pile up due to the non-payment of Australian Financial Complaints Authority (AFCA) determinations, far too many financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating it as an 'insurance policy'. https://www.financialstandard.com.au/feed/latest?story=179806785 en-AU Copyright 2026 Financial Standard 5