AIST Submission to Treasury: Compensation Scheme of Last Resort

AIST welcomes the proposed introduction of a Compensation Scheme of Last Resort (CSLR) to ensure consumers and small businesses receive compensation resulting from uncompensated losses. AIST reiterates the lack of evidence of uncompensated losses within superannuation and highlights existing industry-funded mechanisms that minimise the risk of these losses occurring. Any expansion of the CSLR to superannuation must be evidence-driven.