CSLR

Policy & Regulation

Compensation scheme of last resort delayed again

The corporate regulator says implementation of the compensation scheme of last resort has been delayed due to budgetary reasons....

Policy & Regulation

PI ‘not worth the paper it’s written on’

The Federal Treasury has received yet more warnings that before it embarks on a compensation scheme of last resort it should fix professional indemnity insurance in circu...

Financial planning

FSC canvasses capital requirements for advice licensees

The Financial Services Council has canvassed the imposition of capital requirements on advice licensees as part of any compensation scheme of last resort at the same time...

Financial planning

0.5% levy cap urged for any compensation scheme of last resort

All participants in the financial services industry should bear the burden of funding a compensation scheme of last resort but any levy should be capped at 0.5% of revenu...

Policy & Regulation

Compensation scheme of last resort poor policy

The FSC has labelled the compensation scheme of last resort a poor public policy with high risk, and asked for caution and more consultation before proceeding....