Senate debates Regulations and Determinations
Corporations Amendment (Litigation Funding) Regulations 2020; Disallowance
Richard Colbeck Tasmania, Liberal Party, Minister for Aged Care and Senior Australians
6:54 pm
The regulation ensures that litigation funders operating in Australia are treated like other financial services providers and have to hold an Australian financial services licence and be regulated by the Corporations Act, which ensures that they have a legal obligation to act efficiently, honestly and fairly.
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