The federal House of Representatives has passed the controversial amendments to FOFA late last night after a marathon debate on the issue.
With many members of both sides of the chamber rising to give support to or oppose the government’s amendments yesterday, the vote finally came at 9.27pm last night.
The House divided, with 82 members voting in favour of the Bill and 50 voting against, a vast majority voting along party lines, according to parliamentary records.
Clive Palmer – who will now be crucial in determining whether a second disallowance motion slated by Labor will be successful or not – seemingly was not present in the chamber or abstained from the vote.
More to come.
When financial failures occur and accountability can’t be pinpointed clearly, often it is the adviser that gets ...
When dealing with high-risk investment portfolios and platforms, it is important advisers manage expectations even when ...
Orbis Investments has added a new marketing head to extend its reach to advised retail investors as part of its “next ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin