Labor puts politics ahead of policy – Josh Frydenberg

“The Government’s response could not be clearer: we are taking action on every recommendation, while also making clear that we are choosing to proceed cautiously with respect to upfront fees for mortgage brokers” – Josh Frydenberg

Source: Josh Frydenberg

Labor says it will accept all the recommendations in the Hayne report without qualification, and the shadow treasurer Chris Bowen said when it came to remuneration structures for mortgage brokers, the government had resorted to ‘weasel words’.

Source: The Guardian

Picture: Copy-Kong

“Australia has some of the best banks in the world. It is partly because of our excellent regulatory system and prudent management” – Bill Shorten, Minister for Financial Services and Superannuation (The Australian, 9/2/2012)

Source: Josh Frydenberg

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