Consumer Action Law Centre led a joint consumer submission alongside CHOICE, Consumer Credit Legal Service (WA) Inc, Financial Counselling Australia and the Financial Rights Legal Centre calling on the government to establish a compensation scheme of last resort. Consumer groups strongly support the introduction of a well-funded scheme with broad coverage.
Download submission (PDF)
Related content
- Join the campaign for fairer banking
- CHOICE celebrates a major win against dodgy financial advice
- Victims will get a say in banking royal commission
We care about accuracy. See something that's not quite right in this article? Let us know or read more about fact-checking at CHOICE.