Financial advisers don’t want commissions

With Repeal Day finally in sight, the banks are set to record a huge victory by getting the most critical element of FoFA rolled back so they can once again use financial planners like mortgage brokers.

Today we'll get a preview of Repeal Day, and it’s almost entirely a good day -- almost. Apparently Tony Abbott will announce the repeal of more than 10,000 laws and regulations after six months’ work by Parliamentary Secretary Josh Frydenberg.

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