Unchecked CLSR will ‘bankrupt everybody’: FAAA
The Financial Advice Association Australia believes the current consultation on the Compensation Scheme of Last Resort special levy will set a precedent over how the financial burden is shared and says the levy should be spread as widely as possible. But this will only be a "band-aid" fix to the scheme and the association is concerned that not enough is being done to directly hold the actors responsible for the claims that are heading the CSLR.
Regulation