Business
Government accused of dragging its feet on compensation scheme worth thousands to struggling families – ABC News
Hundreds of people are trapped in limbo while they wait for the Morrison Government to set up a scheme to compensate victims of companies that have gone broke.
Hundreds of people are trapped in limbo while they wait for the Federal Government to set up a scheme to compensate victims of companies that have gone broke.
Key points:
- Pam and Michael Hellen are trying to recover losses they estimate to be over $200,000
- Salahuddin Ahmed is waiting for more than $38,000 in compensation
- Legislation for the compensation scheme of last resort is due to be introduced in June 2021
The scheme was a key recommendation of the banki…
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