Managed Investment Schemes

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This June 2022 ministerial submission from Treasury to the Assistant Treasurer outlines post-Financial Services Royal Commission implementation priorities. Of 54 FSRC recommendations, 43 had been completed, leaving two major outstanding legislative measures: the Compensation Scheme of Last Resort (CSLR) and Financial Accountability Regime (FAR). Treasury recommended finalising both with design specifications from October 2021 legislation, incorporating stakeholder feedback. The submission sought ministerial agreement to task Treasury with reviewing the regulatory framework for Managed Investment Schemes (identified as a significant source of unpaid claims) and examining the consumer credit licence Point-of-Sale exemption as part of broader credit law reforms. The document requested signatures on letters to the Prime Minister and Minister for Finance to support prioritised Spring 2022 parliamentary sittings legislation. Specific quantitative impacts or internal disagreements are not detailed in the excerpt.