royal_assent
Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2023
Portfolio: Treasury
Introduced8 March 2023
Passed House22 March 2023
Passed Senate22 June 2023
Royal assent3 July 2023
What does this bill do, in plain English?
Banks and financial companies must now pay a levy to fund compensation for customers who lose money when their provider fails.
Source: Australian Parliament House bill record
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