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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: CSLRTreasuryUGCDixon AdvisoryCompensation Scheme of Last ResortUnited Global CapitalBlake BriggsCPA AustraliaDavid BerryFAAAFinancial Advice Association AustraliaFinancial Services CouncilMinister JonesRichard WebbSarah AboodTreasurer Chalmers