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Supporting the CSLR Levy as a Necessary Measure for Systemic Stability

Published August 2, 2026 at 6:01 AM UTC

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Proponents of the new levy on self-managed superannuation funds argue that it is a pragmatic step to ensure the long-term sustainability of the Compensation Scheme of Last Resort. As the cost of claims related to historical financial misconduct continues to rise, the government must secure a reliable funding pool to maintain consumer confidence in the financial services sector. By spreading the cost across a broader base, including the large SMSF sector, the government can keep the individual impact on each fund to a manageable level, such as the proposed $60 annual fee. This approach is viewed as a fair way to underwrite a national safety net that protects the integrity of the entire financial system. Supporters emphasize that a stable and well-funded compensation scheme is essential for public trust, and that a small, flat contribution from a wide range of participants is a reasonable price to pay for a more secure financial environment for all Australians.