Yesterday the ABC published a post on its FactCheck website, rejecting Mr Bowen’s comments on the government’s proposed amendments to the FOFA legislation, explaining that the proposals “do not bring back old-style commissions” despite statements from the shadow treasurer to the contrary.
Speaking to ifa, the finance minister and acting assistant treasurer said the ABC’s publication of its verdict makes the government feel “vindicated”, given the groundswell of misinformation surrounding the proposed FOFA changes.
“We have always said that Labor was engaged in dishonest scaremongering when it comes to the important and necessary improvements to Australia’s financial advice laws that we’ve put forward,” Senator Cormann said.
“There is no doubt that Labor’s FOFA changes in government went too far and have to be corrected. Labor’s FOFA imposed too much unnecessary and costly red tape hurting consumers by pushing up the cost of advice and lessening competition in the financial advice market.”
The minister reiterated the government’s aim to “restore a more appropriate balance between important consumer protection provisions and making sure access to high quality advice remains available and affordable for all”, despite Labor’s “false assertions” about removing a fiduciary duty or re-introducing commissions.
“Besides the SMH”??? – I am assuming that you are being sarcastic and joking – right?
Maybe the ABC has just realised that to be taken seriously by the majority of the population,they need to present a balanced,rather than unbalanced and biased approach when reporting, interviewing and communicating subliminal messages to their audience in the form of entertainment.
It also helps not to continually bite the hand that feeds you if you wish to maintain a healthy relationship.I am sure we will probably start to see a more balanced view put forward, once people realise they may be out of a job. The ABC is funded by ALL taxpayers of all political persuasion, so it is only right therefore that the ABC represents a balanced and fair approach to issues that affect those who pay to support that organisation.
hahaha “besides the SMH”. What rock are you living under? IFA is more independent than SMH!
Funny how the ABC is perceived as a LEFTIE organisation to be CUT CUT CUT – but when it concurs with the Coalition’s view it is supported.
Maybe the ABC is actually the only independent source of news in Australia besides the SMH.
So NOW the government likes the ABC hey.