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SMSF

Accounting sector rejects shifting CSLR costs to SMSFs

Australia's major accounting bodies have urged Treasury to reconsider proposals that would shift Compensation Scheme of Last Resort (CSLR) funding costs onto self-managed superannuation funds (SMSFs), warning the move would unfairly penalise investors while failing to address the root causes of consumer losses.

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Read more: CSLRTreasuryCompensation Scheme of Last ResortRichard WebbCPA AustraliaChartered Accountants AustraliaInstitute of Public Accountants