Financial advice consumers win big from the PUP dogfight

The Lambie-Palmer rift means the Senate has become a whole lot more unpredictable, and FoFA is just the first blow to the government.

The Conversation

Australia’s financial services industry has been thrown into turmoil by the spectacular implosion of the Palmer United Party and an independent stand by its supposed ally, Motoring Enthusiast Ricky Muir.

Wednesday night’s disallowance, by a 32-30 vote, of the government’s regulations that unwound Labor’s Future of Financial Advice measures reinstates a range of protections for consumers.

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