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Became law

Financial Services Compensation Scheme of Last Resort Levy Bill 2023

Portfolio: Treasury

  1. Introduced8 March 2023
  2. Passed House22 March 2023
  3. Passed Senate22 June 2023
  4. Royal assent3 July 2023

What does this bill do, in plain English?

Banks and financial companies pay a levy to fund compensation when financial firms collapse.

Source: Australian Parliament House bill record

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