House debates
Monday, 18 February 2019
Questions without Notice
Banking and Financial Services
2:15 pm
Kerryn Phelps (Wentworth, Independent) Share this | Hansard source
My question is to the Treasurer. The mortgage-broking model originated as a disrupter to the market power of the major banks, which were gouging clients. With the government's proposed changes to the mortgage-broking industry resulting from the Hayne royal commission into banking, how can the government ensure that the oligopoly of the big banks does not benefit financially whilst average families and small business once again are forced to pay the price of limited competition?
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