MenuThe FAAA is surveying members to gain up-to-date information on the impact of CSLR levies on their practices.
“The FAAA has always been supportive of a scheme to compensate the victims of financial misconduct, however we have long said that the current scheme is unsustainable and needs to be fixed,” says Phil Anderson, general manager – policy, advocacy and standards at the FAAA.
“In particular, the burden should not fall unfairly on financial advisers who have done nothing wrong.
“The survey will inform the FAAA’s recommendations to the next round of Government consultations on the sustainability of the CSLR funding model.”
Members are also being asked for their views on where the Government should focus to improve the sustainability of the CSLR.
Anderson says the FAAA is continuing its advocacy to fix the CSLR, and appreciates the engagement of Government, the Opposition and crossbench, as well as industry and consumer groups.
“This survey will support the discussion on the sustainability of the CSLR, which we believe is in the best interests of the advice profession and of all Australians,” Anderson says.
