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Financial Planning

Jones instigates CSLR review, levy hits $70m

As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial scheme.

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Read more: CSLR,  Treasury,  UGC,  Dixon Advisory,  Compensation Scheme of Last Resort,  United Global Capital,  Blake Briggs,  CPA Australia,  David Berry,  FAAA,  Financial Advice Association Australia,  Financial Services Council,  Minister Jones,  Richard Webb,  Sarah Abood,  Treasurer Chalmers