Senate debates

Wednesday, 18 June 2014

Questions without Notice

Financial Services

2:24 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

Mr President, I ask a supplementary question. Following on from that answer, given that it is obvious many financial advisers did not have the best interests of their clients at heart, and that the culture and practice—not a few bad apples—of paying commissions on general advice has already forced many Australians, including the Timbercorp victims, to the edge of financial, mental and physical ruin, why is the government now so determined to amend the FOFA legislation to overturn bans on commissions for general advice?

Comments

No comments