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Senator Hume flags compensation scheme of last resort

Senator Jane Hume has announced the government is now actively working towards introducing a compensation scheme of last resort in response to the royal commission recommendations.

Senator Hume flags compensation scheme of last resort
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  • Shared by SMSF Adviser
  • October 15, 2020
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A compensation scheme of last resort would allow consumers to be compensated when they had experienced misconduct and lost out to a financial firm that was no longer able to pay.

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