Did a financial advisor let you down? The CSLR can help
The Compensation Scheme of Last Resort (CSLR) now offers relief to Australians who win financial misconduct cases but cannot recover damages due to defunct firms.
Source: dynamicbusiness.com
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Government passes FAR legislation
The Financial Accountability Regime (FAR) passed the upper and lower houses of parliament yesterday, more than four years after it was first introduced.
Source: financialstandard.com.au
Ownership changes spur upheaval in unit trust sector
Fund managers that were recently acquired or have undergone significant structural changes are seeing massive outflows within their unit trust business to the tune of $21 billion.
Source: financialstandard.com.au
CSLR finally passes senate
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians.
Source: financialstandard.com.au
Fair Work Ombudsman Sandra Parker steps down after navigating 'perfect storm
The head of the Fair Work Ombudsman will not seek a second term after turning the agency from a “toothless” regulator into a tough cop on the beat.
Source: afr.com