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CSLR
Policy & Regulation
The Compensation Scheme of Last Resort legislation has passed in Parliament today, having first been raised back in 2016....
Financial planning
Stephen Jones has called on the Government to pass the Compensation Scheme of Last Resort bill this month, stating consumers have “waited long enough” for redress. ...
Financial planning
The Australian Financial Complaints Authority has addressed the Independent Review’s recommendations and pushed for greater internal dispute resolution....
Financial planning
While acknowledging the importance of an effective compensation scheme, the Financial Planning Association of Australia has highlighted its concerns around the legislatio...
Financial planning
The implementation of a Compensation Scheme of Last Resort has moved another step closer after the Bill was introduced to Parliament with Australia’s 10 largest banks and...
Financial planning
The Government has commited to a review of managed investment schemes with a particular focus on property structures, according to assistant Treasurer Stephen Jones....
Financial planning
The Financial Planning Association of Australia has urged the Government to extend the freeze on the ASIC levy for one more year, among several Budget recommendations....
Policy & Regulation
Organisations have welcomed the introduction of legislation for the Compensation Scheme of Last Resort but raised questions why managed investment schemes were excluded....
Financial planning
The latest data on financial advice complaints, which shows a fall of over 50% in the past year, indicates the improved quality of financial advice, according to the Fina...
Features
Alexandra Cain writes that the outcome of the Federal election could have an effect on funding of the Compensation Scheme of Last Resort....
Financial planning
The post-election Government will need to ensure the Compensation Scheme of Last Resort does not cost more to run than the amounts of compensation involved, according to ...
Features
The examples of failed managed investment schemes have reopened the question around the Government’s proposed model for a Compensation Scheme of Last Resort, writes Oksan...
Financial planning
The Compensation Scheme of Last Resort needs to include managed investment schemes, funeral insurance policies and debt management firms for the Government to fulfil its ...
Financial planning
The organisation believes a review into professional indemnity insurance is crucial before a compensation scheme of last resort can be filed, in order to identify sources...
Financial planning
A survey conducted by the Sterling Action Group shows that 66% of victims of the collapse of the Sterling Group suffered losses greater than the proposed $150,000 compens...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...