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.
A major platform provider has made changes to its functionality to make it easie...
The Finance Sector Union has managed to secure annual wage increases of up to 3....
More than 300 advisers left the industry in just one week leading up to the end ...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.
