Financial Standard Comments - CSLR a 'shared responsibility' for all AFCA members: SMSFA Responding to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR), the SMSF Association (SMSFA) agrees the most efficient and equitable way to fund the special levy is to spread it across all Australian Financial Complaints Authority (AFCA) sub-sectors. https://www.financialstandard.com.au/feed/latest?story=179809849 Thu, 11 Sep 2025 14:15:50 +1000 Thu, 11 Sep 2025 14:15:50 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Roland Knight (Infocus Financial Advice - Caboolture)

'claiming that the scheme will uplift consumers trust and confidence in the sector....' someone in government should do a survey of advised clients and ask them do they even know about the CSLR... I bet a huge majority of consumers have no idea what this scheme is about. so, this is why I don't believe what Burgess says that is will uplift anything accept his own ego.

I'm in my 45th year of advising so I believe I've weathered a few storms from all this government interference, but this latest round is simply over the top. it's gotta stop.

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]]> Roland Knight (Infocus Financial Advice - Caboolture) Thu, 11 Sep 2025 14:15:50 +1000