Senate debates
Monday, 23 June 2014
Questions without Notice
Future of Financial Advice
2:50 pm
Mehmet Tillem (Victoria, Australian Labor Party) Share this | Hansard source
Mr President, I wish to ask a supplementary question. Minister, is it not true that removing the opt-in provisions of FoFA simply means indefinite ongoing fees that act like trailing commissions? Does the minister agree with Industry Super, who estimate that under this provision consumers could lose $240 million?
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