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.

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.

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.&nbsp;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.&nbsp;

How to put the CSLR on a sustainable footing

The great transformation of Australia's financial advice industry from predominantly bank-owned to a more fragmented mix of independently licensed and like-minded collective tie-ups has occurred swiftly during the past year and a half, with the impact of these changes on business partnerships continuing to play out. 

This new podcast series, created and produced by Professional Planner, is a conversational-style exploration of the advice landscape that draws on industry thought-leaders, experts and practitioners who are forging ahead with new partnerships, augmenting business models and adapting to new technologies.

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The great transformation of Australia's financial advice industry from predominantly bank-owned to a more fragmented mix of independently licensed and like-minded collective tie-ups has occurred swiftly during the past year and a half, with the impact of these changes on business partnerships continuing to play out. This new podcast series, created and produced by Professional Planner, is a conversational-style exploration of the advice landscape that draws on industry thought-leaders, experts and practitioners who are forging ahead with new partnerships, augmenting business models and adapting to new technologies.

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How to put the CSLR on a sustainable footing

How to put the CSLR on a sustainable footing

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