Jonathon Duniam (Tasmania, Liberal Party, Shadow Minister for Environment, Fisheries and Forestry) Share this | Hansard source

This motion highlights the government's poor implementation and maladministration of their Compensation Scheme of Last Resort. The government's failed on its promise to bring down costs for financial advisers. The ASIC and CSLR levies have skyrocketed. The government's reneged on covering the first 12 months of the scheme's costs, and little progress has been made in the 640 days since the government received the review's final report. The coalition supports a fairer and more sustainable compensation scheme of last resort. The proposed inquiry should focus on this and correcting errors in the government's design of the scheme and bringing the scheme's costs down.