House of Reps passes FOFA changes
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.
CBA wealth, business, private banking heads to leave
The chief of CBA’s wealth management and mortgage broking businesses (NewCo),...
AFA seeks delay of FASEA code rollout
The Association of Financial Advisers has sought for the government to delay the...
Iress enables easier global trading for advisers
Iress has integrated with an Asian financial institution to enable advisers to m...