Compensation Scheme of Last Resort open for business
By API User
The long-awaited Compensation Scheme of Last Resort (CSLR) – proposed by the 2017 Ramsay Review and backed by the Banking Royal Commission – commences operations today, tasked with delivering redress to people who have suffered financial services misconduct. The CSLR will provide up to $150,000 in compensation to eligible consumers who have experienced misconduct … Continued