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Showing 11 - 20 of 138 results for "Compensation Scheme of Last Resort"

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... protections in the superannuation system consultations are carried out in lockstep with the Compensation Scheme of Last Resort (CSLR) consultation. Feedback from stakeholders for all three consultations is due on May 22. The collapses of the Shield and ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
Treasury has opened its long-awaited consultation on the sustainability of the Compensation Scheme of Last Resort (CSLR) and the best way for the industry to fund it. Minister for financial services Daniel Mulino is seeking options on how the CSLR can ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... policy Phil Anderson is optimistic that meaningful reforms addressing major issues, such as the Compensation Scheme of Last Resort (CSLR) and Part 23 of the SIS Act, will come through this year. Anderson is also hopeful that reforms will come though ...

Government looks to better define roles of regulators

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... right due diligence and stand behind the products they have on their systems. Touching on the Compensation Scheme of Last Resort (CSLR), Mulino acknowledged the scheme has become a "pivotal" part of the broader financial sector reform question. "One ...

MIS review ignores key issues: FAAA

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
... transparency are much reduced. Additionally, it wants MISs included within the scope of the Compensation Scheme of Last Resort (CSLR) alongside reforms enabling Australian Financial Complaints Authority (AFCA) to apportion blame for client losses across ...

Process to become an adviser remains 'unattractive': SMSFA

MATTHEW WAI  |  THURSDAY, 19 FEB 2026
... education reforms are currently off the government's radar due to the ballooning costs of the Compensation Scheme of Last Resort (CSLR). These reforms were crucial to introducing a new class of advisers and streamlining the intricate process for more ...

Advisers need more support: FAAA submission

ANGELIQUE MINAS  |  THURSDAY, 5 FEB 2026
... portal and simplifying and enhancing the tax deductibility of advice. As the ASIC levy and Compensation Scheme of Last Resort (CSLR) are increasing cost burdens on the sector, the cost of advice is also rising, and more people are discouraged from entering ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... measures should also repeal the decision to force low-income workers to cover the cost of the Compensation Scheme of Last Resort (CSLR), while excluding wealthier Australians with self-managed super funds (SMSFs), the SMC said. The government should ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... the professional indemnity insurance (PII) sector be made to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable. "Right now, the CSLR is constantly running out of money, and almost a year after the government announced ...

Advisers 'positioned to thrive' in 2026

ANGELIQUE MINAS  |  THURSDAY, 15 JAN 2026
... is far better than addressing the fallout." When it comes to regulatory growing pains, the Compensation Scheme of Last Resort levy is at the forefront of advisers' minds. Edwards said the kind of funding commitments required needs further clarification ...