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Became law

Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) 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?

Creates a backup fund to compensate Australians if their financial adviser or firm collapses.

Source: Australian Parliament House bill record

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