An inquiry will probe the collapse of Dixon Advisory and its impact on the CSLR.
The economics references committee is due to scrutinise the collapse of Dixon Advisory, examining how this failure has influenced the development and ongoing viability of the Compensation Scheme of Last Resort (CSLR).
The motion for the inquiry, moved in the Senate on Tuesday by Pauline Hanson’s One Nation, was approved with an amendment – that the inquiry be handled by the parliamentary joint committee on corporations and financial services instead of the originally proposed economics references committee.
The Senate then recommitted the vote on the government amendment, ultimately deciding that the economics references committee would oversee the inquiry.
Scheduled to take place and report by the last sitting day in March 2025, the inquiry will address several issues recently highlighted by the advice community.
According to the motion, the following will be considered:
More to come.
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