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Industry decries super CSLR inclusion as ‘wrong in principle’

Industry bodies have cautioned the CSLR levy shift risks undermining trust by forcing super members to cover compensation for unrelated misconduct. Superannuation peak groups have urged the government to rethink plans to include APRA-regulated funds in the Compensation Scheme of Last Resort (CSLR) levy, warning the move risks undermining trust in Australia’s compulsory retirement savings system. Earlier this week, it was announced superannuation trustees will...

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