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Inaugural CSLR levy slugs advisers $18.5m

The financial advice industry will be forced to pay $18.5 million to fund the Compensation Scheme of Last Resort's (CSLR) first year of operation, drawing outrage from the sector.

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Read more: CSLRAFCACompensation Scheme of Last ResortDASSDixon AdvisoryAustralian Financial Complaints AuthorityFAAAFinancial Advice Association AustraliaSarah Abood