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Compensation Scheme of Last Resort ‘May be Last Straw’ for Advice Industry
Eight of Australia’s largest financial advice industry associations have united to oppose the design of the compensation scheme of last resort, contained in draft legislation released for public consultation.
The eight organisations, which say the...
Compensation Scheme Should Target Financial Advice
A compensation scheme of last resort (CSLR) focused on the financial advice sector is required to deal with the high level of unpaid dispute determinations, a government appointed panel has claimed.
The panel, headed by...