We get serious this week. No guest. No banter about dentists or Jordan's latest grievance with... well, you know.

Just Nathan and Jordan, a Treasury consultation paper, and a genuine call to action for every financial adviser, business owner, PY, associate, paraplanner etc that'll listen.

The Compensation Scheme of Last Resort is broken. Not broken in a subtle, nuanced, needs-a-closer-look kind of way. Broken in a we-are-paying-for-other-people's-fraud-and-the-people-who-caused-it-are-on-a-golf-course kind of way.

Treasury has opened a consultation on reforming the CSLR, submissions close 22 May 2026.

The big end of town will be lodging submissions. The institutions, the product providers, the fund managers; all of them have people whose entire job it is to argue why this shouldn't be their problem.

We need voices too. Lots of them.

In this episode Nathan and Jordan have read the paper so you don't have to (although you should), and discuss

• What the CSLR actually is and why it isn't working the way it was supposed to
• All eight proposals; what Treasury is asking, what they think, and what you should probably think about before the 22nd
• The SMSF question that will either make your blood boil or make you think harder than you expected
• The one proposal that actually fixes the problem rather than just spreading the cost around
• Why volume of submissions from advisers matters and what happens if we stay quiet
• How to structure your own submission without it taking all weekend

Submissions close 22 May 2026.

The window is open. Let's flood it with sense.

Challenge the Standard Submission Helper: Download

Consultation Paper: Treasury

The Treasury guidelines: Submission guidelines

FAAA CSLR Hub: CSLR Hub

You can now get CPD points for listening to two knuckleheads (and guests!) wax lyrical about financial advice for an hour at a time.

CPD For this Episode: https://quiz.ensombl.com/NATH-26051200-20450001

Thanks again to the team at CPD Check for letting us publish our episodes using their AI-CPD certifying engine. Check out Clayton's episode on the pod for more info.

Nathan:

[email protected]

www.nathanfradley.com.au

Jordan:

[email protected]

www.planningsolo.com.au

LinkedIn:

Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn

The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.