Original article by Tom McIlroy
The Australian Financial Review – Page: 4 : 11-Feb-19
The final report of the banking royal commission recommended an end to the grandfathering of conflicted remuneration payments as soon as reasonably practical. Labor wants to see an immediate end to such payments, while the federal government has called for them to end in January 2021. Centre Alliance senator Rex Patrick has put forward a compromise plan that would see conflicted remuneration payments end on 1 July 2020. Labor expected to support his proposal in the Senate on 12 February.
AUSTRALIAN LABOR PARTY, CENTRE ALLIANCE, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY