From www.smsfadviser.com: Minister Stephen Jones announced a comprehensive review of the Compensation Scheme of Last Resort after the levy for financial advisers surged to $70.11 million for the fiscal year 2025–26, more than tripling the sector cap.

The significant increase is primarily due to claims against collapsed firms United Global Capital and Dixon Advisory, which account for 92% of expected payments.

The review aims to ensure the sustainability of the CSLR for both consumers and the financial advice industry.