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flag Australian government reforms CSLR to limit payouts and strengthen consumer protections.

flag The Australian government has launched reforms to address the Compensation Scheme of Last Resort (CSLR) following financial collapses. flag Proposals include limiting payouts to actual losses, capping return rates, and preventing double-dipping. flag New measures also strengthen trustee governance, regulate advice fees, and target high-pressure sales tactics to improve consumer protections and ensure the scheme's long-term sustainability.

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