Financial misconduct compo scheme revived

The bill would establish a safety net for people who've lost money through financial misconduct. (Lukas Coch/AAP PHOTOS) (AAP)

A bill introduced to parliament could see many victims of financial misconduct finally get the compensation they are owed.

The purpose of a compensation scheme of last resort is to make sure victims of financial misconduct can get compensation even if the offending financial institution has not paid up.