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Showing 1 - 10 of 137 results for "CSLR"

Stumping up

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
... they are involved in before it ultimately defaults back to either the licensee or the Compensation Scheme of Last Resort (CSLR)," Younger says. "I think that's sensible. It certainly means those who participate in the system that could have done ...

'Flawed' CSLR model needs to be redesigned: SMC

MATTHEW WAI  |  WEDNESDAY, 14 OCT 2026
The latest proposal from the government to see super funds contribute to the Compensation Scheme as a Last Resort (CSLR) would force everyday Australians to fund failures which arose in unrelated high-risk financial services, the Super Members Council ...

FAAA says super trustees should stump up for CSLR

RIDDHIMA TALWANI  |  THURSDAY, 8 OCT 2026
The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme. Treasury recently commenced ...

Mulino opens CSLR special levy consultation

ELIZA BAVIN  |  TUESDAY, 22 SEP 2026
... commenced a targeted consultation on the distributions of the 2026-27 special levy for the Compensation Scheme of Last Resort (CSLR). This comes after the CSLR operator announced in July that the estimated claim costs for 2026-27 were $190.3 million. ...

Stay up to date with regulatory compliance at the FAAA Congress

MATTHEW WAI  |  THURSDAY, 17 SEP 2026
... ongoing developments from the Australian Financial Complaints Authority (AFCA) and the Compensation Scheme as Last Resort (CSLR). This year's congress, themed 'EXPLORE,' reflects the core purpose to providing financial advisers with the opportunity ...

Regulatory reform omnibus bill passage trims CSLR levy disallowance period, payouts

KARREN VERGARA  |  TUESDAY, 15 SEP 2026
... Regulatory Reform Omnibus Bill 2026 overnight will amend how levies are collected under the Compensation Scheme of Last Resort (CSLR) and pay compensation to eligible victims more quickly. The package of reforms was passed by both houses on September ...

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
The looming passage of a major bill will amend how levies are collected under the Compensation Scheme of Last Resort (CSLR) and, in turn, speed up compensation payments to eligible victims. The reform is part of the Regulatory Reform Omnibus Bill 2026 ...

Phil Anderson to retire at the upcoming FAAA Congress

MATTHEW WAI  |  WEDNESDAY, 26 AUG 2026
... to the financial advice profession, including in the advocacy against flaws in the Compensation Scheme as a Last Resort (CSLR) and advancing the Delivering Better Financial Outcomes (DBFO) reforms in recent years. A recruitment process is underway for ...

Industry reacts to Mulino's sweeping reforms

RIDDHIMA TALWANI  |  THURSDAY, 20 AUG 2026
... sectors concerns and will not proceed with cooling-off periods for rollovers to SMSFs, advice fee caps or an opt-in/opt-out CSLR special levy model for SMSFs. "These were all options that were previously on the table in the lead-up to [the] final package ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) will be fairer for financial advisers. The NCAs will be limited to APRA-regulated superannuation funds and life insurers ...
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