Millions of Australian investors can now sleep safely in their beds knowing that in November 2014 Jacqui Lambie and Ricky Muir saved them from….the big bad bogeyman?

When these two financially illiterate Senators reneged on the deal they had done with the government to support its FoFA regulations in exchange for including their (unnecessary) ‘consumer safeguards’ clauses, it meant a return to the excessive red-tape, expense and pro-union-affiliated industry superannuation fund law of the Gillard days

The attempt to find an appropriate compromise between the need to provide adequate protection to consumers without imposing unreasonable costs and controls on the financial advice...