The head of the Compensation Scheme of Last Resort had warned Minister for Financial Services Stephen Jones the advice profession is unable to bear the burden of covering the scheme with the levy to breach the subsector cap for the next few years. However, fixing the problem will be for whoever holds the portfolio after the next election.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Regulation