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Showing 31 - 40 of 137 results for "CSLR"

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
... 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 also aim ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... 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 ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... wake of First Guardian and Shield collapses. But there were some bright spots throughout the year, including movement on a CSLR review, the progression of other key financial advice reforms, and the launch of the 2025 Financial Standard Power50. These ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... Members Council (SMC) urged the government to rethink its decision to push the bill for Compensation Scheme of Last Resort (CSLR) costs onto Australians with super, saying it would be unfair considering super tax receipts are expected to reach forecast ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... professional indemnity insurance (PII) sector will be forced to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly running ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... consumer-facing sub-sectors within the financial services sector, and all 23 retail-facing sub-sectors will foot the $47.3 million CSLR special levy. "That's a reflection of the fact that all of those sub-sectors benefit from there being confidence ...

Mulino taps super sector to help pay CSLR special levy

ELIZA BAVIN  |  WEDNESDAY, 10 DEC 2025
... Services Daniel Mulino has suggested including APRA-regulated superannuation funds in the Compensation Scheme of Last Resort (CSLR) as the 2026 special levy has blown out to $47.3 million. Mulino added the government needs to act to strengthen consumer ...