Thankfully, we're not contributing towards their Dixon incompetence, because they're funding that (from all taxpayers), however if you consider the size of the issue...

"CSLR has provided a second levy period estimate of $24.1 million"... of this, the adviser cohort is funding $18.5M, so...

If the next "black swan" event is the same size as Dixon ($241m), then each advise will have to fund $15,855, based on a cohort of 15200 advisers. Plus administrative costs...

I expect that if the Financial Advice sector is not dead at that stage, it certainly will be afterwards.