Share your views on the proposed way to allocate the 2026–27 Compensation Scheme of Last Resort (CSLR) special levy.
The CSLR operator published the revised estimate for the 2026–27 levy period. The estimate for the personal financial advice sub-sector is higher than the $20 million levy cap. This leads to a projected shortfall of $170.3 million.
The Assistant Treasurer and Minister for Financial Services announced that the waterfall framework would apply to the 2026–27 CSLR special levy. He asked Treasury to consult on proposed allocations.
