• Ongoing effectiveness and sustainability of the Scheme
• Providing support to the victims of financial misconduct
• The challenges of the current CSLR funding structure, and;
• Addressing industry practices to enhance consumer trust in the financial services sector.

The submission also outlines a series of recommendations, informed by practical experience and strategic insight, for the Minister’s consideration.

These recommendations aim to strengthen the long-term sustainability of the Scheme by addressing key challenges and identifying opportunities for meaningful improvement.

“The CSLR looks forward to the outcome of the PIR and remains committed to working collaboratively with government and industry stakeholders, said CSLR CEO David Berry.

Our shared goal is to ensure the Scheme continues to meet its legislative obligations, as we balance the impact of levies on industry while serving as a vital support for consumers impacted by financial misconduct.”

The CSLR’s submission to the PIR can be accessed on its website.

The Scheme is also pleased to advise that its 2025 Impact Report is now available to read on the CSLR website.

Alongside fulfilling its legislative reporting obligations under the Corporations Act 2001 (Cth) and Corporations Regulations Act 2001 (Cth), the 2025 CSLR Impact Report includes key metrics and observations from the Scheme’s first full 12 months of operation.

The report includes multiple claimant narratives, demonstrating how instances of financial misconduct by industry outliers inflict widespread harm on consumers.

A comprehensive financial report for the FY2025 is also included within this document.

To underscore the rate and scale of misconduct, the CSLR has released a detailed list of all financial firms against which it has made compensation payments since commencing operations in April 2024.

The list, published on the CSLR’s website, will be updated monthly, outlining the firm name, sub-sector, number of compensation payments and the total amount of compensation paid against each firm.

“Having now been in operation for 18 months, and in consultation with industry associations, it’s time to share what we are seeing and highlight the impact these outlying firms have on both the sector and consumers,” said Mr. Berry.

The CSLR’s submission to the PIR, the FY2025 Impact Report, and the comprehensive list of firms that the Scheme has made compensation payments against can be found at the CSLR website.