In just its second full financial year of operation, the Compensation Scheme of Last Resort has already seen its legislated subsector cap of $20 million exceeded for financial advice claims, with the FY26 levy coming in at $67 million and the FY27 levy already close to double that.
In this episode of the Professional Planner Shape of Advice podcast, CSLR chief executive David Berry and editor Chris Dastoor discuss the work going on to make the scheme sustainable.
