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Regulatory

Mulino wants PII to step up to make CSLR sustainable

The professional indemnity insurance (PII) sector will be forced to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly running out of money."

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Read more: PIIAFSLASICCompensation Scheme of Last ResortDaniel MulinoACTUAustralian Financial Complaints AuthorityDavid BerryFinancial Advice Association CongressFirst GuardianJim ChalmersLaborPat Congaghan