- Advocacy
SMSF Association Submission
The SMSF Association welcomes the opportunity to provide this submission to the Compensation
Scheme of Last Resort post-implementation review. The SMSF Association supports the objective of the compensation scheme of last resort (CSLR).
Consumers should have access to financial compensation where they suffer a financial loss from
poor or negligent financial advice. However, the current design of the CSLR is inequitable and
unsustainable and poses a serious risk to the retail financial planning sector.