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Government releases new royal commission bills


Government releases new royal commission bills
By
Sarah Kendell
16 July 2021
Following pressure to complete its legislative response to the royal commission, Treasury will consult on a number of new bills addressing recommendations of the inquiry.
In a joint statement, Treasurer Josh Frydenberg and financial services minister Jane Hume said the new legislation released by the government would implement a further seven recommendations of the royal commission, including the establishment of a compensation scheme of last resort.
The CSLR laws were originally slated for release in December last year but were pushed back to June this year due to the COVID crisis, to the disappointment of consumer advocacy groups. ....

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