Read the latest news about the Compensation Scheme of Last Resort (CSLR).

Information for journalists
Journalists and other members of the media can contact our media unit at media@cslr.org.au.

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August 2024 levy notice for Compensation Scheme of Last Resort

The Compensation Scheme of Last Resort (CSLR) 2nd levy period notice will be issued by the Australian Securities and Investments Commission (ASIC) in early August 2024.
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Compensation Scheme of Last Resort makes first payments to people who suffered financial services misconduct

The Compensation Scheme of Last Resort (CSLR), created on the advice of the Ramsey Review as well as the Banking Royal Commission, has made its first payments, totalling over $360,000 to four claimants who suffered financial services misconduct.
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CSLR and AFCA sign memorandum of understanding

The Compensation Scheme of Last Resort (CSLR) is pleased to have signed a memorandum of understanding (MOU) with the Australian Financial Complaints Authority (AFCA), setting out how we independently work together to support a fair and efficient financial services system.
CSLR open for business

CSLR open for business

The long-awaited Compensation Scheme of Last Resort (CSLR) – proposed by the 2017 Ramsay Review and backed by the Banking Royal Commission – commences operations today, tasked with delivering redress to people who have suffered financial services misconduct.
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CSLR announces 1st and 2nd levy period estimates

The Compensation Scheme of Last Resort (CSLR) has determined the estimates for the 1st and 2nd levy periods that will fund claims from eligible consumers who have been the victims of financial misconduct.
CSLR Chair

Chair appointment and scheme start date

The Compensation Scheme of Last Resort (CSLR) acknowledges the announcement yesterday from the Australian Government, appointing our independent Chair and the official scheme commencement date.