It was a single recommendation: pass both bills. But in the dying days before the federal election, it was ignored, leaving victims of financial misconduct left high and dry on the political scrapheap in another week of political mudslinging and point scoring. The recommendation, released in a report this week by the Senate Economics Committee, was to pass laws to introduce a compensation scheme of last resort and a financial accountability regime.

Source: Dudded customers thrown on the political scrap heap as promises broken