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Tag: Compensation scheme of last resort

You are here:  HomeConsumer Action Law Centre  ⁄  News  ⁄  Compensation scheme of last resort

Compensation Scheme of Last Resort post-impementation review

Consumer Action Law Centre strongly supports the joint submission by CHOICE and other consumer organisations. We provide this supplementary submission in response to the Compensation Scheme of Last Re...
March 3, 2025

Financial Sector Reform Bill 2022 – Compensation Scheme of Last Resort and Financial Accountability Regime

Consumer groups strongly support the passage of a well-designed Compensation Scheme of Last Resort (‘CSLR’) and Financial Accountability Regime (‘FAR’). These reforms are landmark recommendations of t...
October 10, 2022

Failure in Government policy sees First Nations peoples lose millions in funeral fund collapse

A coalition of community organisations which work with First Nations consumers and consumer groups are calling on the Australian Government to step in to assist policyholders who have been devastated...
March 17, 2022

Submission: Compensation Scheme of Last Resort and Financial Accountability Regime

Uncompensated losses arising from financial misconduct can cause a range of lasting impacts on people, including the loss of a family home, bankruptcy, the collapse of the family business, mental and...
December 17, 2021
Image of Australia's Parliament House in Canberra

15 consumer groups and professional associations call for stronger compensation scheme

A diverse coalition of organisations is calling for a broad financial compensation scheme, as legislation is expected to be introduced into Federal Parliament in the coming weeks. The coalition, wh...
October 6, 2021

Federal Government’s commitment to compensation scheme of last resort welcomed

A coalition of consumer groups has welcomed the Federal Government’s commitment to establish a compensation scheme of last resort. Uncompensated losses arising from financial misconduct can cause a...
August 18, 2021

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