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ASIC demands last resort compensation scheme

The Australian Securities and Investments Commission (ASIC) has demanded the introduction of a last resort compensation scheme that would provide compensation to victims of failed investments and bad financial advice "where all the other options have truly been exhausted."

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Read more: ASICAustralian SecuritiesInvestments CommissionFinancial PlanningAFS licenseesFinancial System InquiryFSISenate Economics Committee inquiry