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FOFA sidelined in Taggart-Abbott interview

Financial services policy was seemingly off the agenda as federal Opposition leader Tony Abbott appeared on former Association of Financial Advisers national president Dr Jim Taggart's radio show yesterday.

There was no mention of the Future of Financial Advice (FOFA) reforms as Taggart quizzed the would-be prime minister on issues relating to Taggart’s local area of western Sydney.

Abbott reaffirmed his commitment to western Sydney, claiming the abolition of the carbon tax was his number one priority for the region.

“There’s no doubt that Labor has taken western Sydney for granted. They are not mindless people to be directed by politicians… They know what’s in their best interest and they’re working out that they’re being used,” he said on Parramatta and Hills District local radio station Alive 90.5.

“The people of western Sydney have three concerns which we have committed ourselves to fixing: [First] abolishing the carbon tax, which by the government’s own figures is increasing the cost of electricity by ten per cent and gas by nine per cent.

“Every small business needs electricity, and the business owners of western Sydney and being weighed down by this dishonest tax.

“We have also committed to completing the WestConnex link to Sydney's CBD from the western suburbs and stopping the boats.”