Compensation scheme to follow Hayne’s indictment of financial sector
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
The Morrison government has promised to establish a compensation scheme of last resort - paid for by the financial services industry - as it seeks to avoid the outcome of the banking royal commission becoming a damaging election issue for it.
Treasurer Josh Frydenberg, releasing Commissioner Kenneth Hayne’s three-volume report which...
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