Deal with minor parties sees FoFA regulations allowed, with more to come
The Senate yesterday voted 34-31 against disallowing regulations to the Future of Financial Advice (FoFA) legislation, after an 11th-hour deal struck with the Palmer United Party (PUP) and the Motoring Enthusiasts Party (MEP) that will see the government introduce additional regulations within 90 days. The Finance Minister, Senator Mathias Cormann, told the Senate that the


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