New compensation scheme launches for finance sector
Brokers face new levy
Source: brokernews.com.au
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Top News In Ramsay Review Today - Breaking & Trending Today
ASIC welcomes new commissioners
With commissioner Danielle Press to depart ASIC next month, The Treasurer has appointed three new commissioners to the corporate regulator.
Source: moneymanagement.com.au
Treasury names new ASIC commissioners
The federal treasurer has named three new commissioners who will spearhead ASIC for the next five years, as incumbents Danielle Press, Sean Hughes and Karen Chester wrap up their terms.
Source: financialstandard.com.au
Banking Day
The Senate passed Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023 plus associated levy bills on last week, finally putting in place a consumer protection mechanism that was recommended by the Ramsay Review in 2017 and endorsed by the Hayne royal commission.
Source: bankingday.com
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