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LIF introduced into parliament

Assistant Treasurer Kelly O'Dwyer introduced the Life Insurance Framework reform legislation into Parliament this morning

Speaking in the House of Representatives, Ms O'Dwyer introduced the bill to amend The Corporations Act 2001 which she said "will better align the interests of financial advisers who sell life insurance products to their consumers".

The bill is now scheduled for further debate during the next sitting of parliament.

ifa reported on Wednesday that the controversial legislation was to be introduced this week. 

More to come