Regulation for Compensation for Loss in the Financial Services Sector |
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Date: |
Thursday, 2 November 2006 | ||||||
Content ID: |
1181 | ||||||
Abstract: |
The Government has finished its review of possible compensation arrangements for losses by retail clients who may make successful claims against financial services licensees in the financial services sector. The review was initiated in 2002 to promote discussion on what, if any, compensation arrangements should be put in place and, if so, what it should cover and the appropriate mechanisms. The Government believes the draft regulation reaches a balance between consumer protection and the cost to businesses. The Manager - Investor Protection Unit E-mail: fsrcomments@treasury.gov.au The closing date for submissions is 5pm on 30 November 2006. |
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Documents Available: |
 Acrobat (PDF)Draft regulation 29.96kbDraft regulation impact statement 85.51kb Draft explanatory commentary and statement 38.31kb  Microsoft Word (RTF)Draft regulation 336.48kbDraft regulation impact statement 186.17kb Draft explanatory commentary and statement 65.88kb |
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