The problem with the 2017 Industry Funding Levy ACT on financial advisers and soon CSLR, is that most of the independent advisers do not handle clients' funds where virtually all of the funds are invested through administration platforms since 2013, their ASIC AFS license prohibits these advisers from handling client funds, advisers have no fiduciary obligations in investment management operations and receive no investment management fees, but advisers are burdened with the Levy from self-dealing frauds and negligence by those who handle client funds. Government Legislation has got it wrong to abuse innocent advisers with their existing clients for more than 20 years. Platforms are raking in big administration fees and face no risks, but they have the deep pockets to pay CLSR, not financial advisers who are scratching for survival on ongoing adviser services client fees, where their only fiduciary obligation is to their clients, not to free underwriting the Commonwealth Treasury Department's fickle Legislation.