[danzvtil]

They are pulling apart the bank system bit by bit. Next to go will be trailing commissions to brokers, “trailing commission” being paid to the broker who sold you your loan is now seen as “under the table” and will be banned. They will have to charge upfront for their services which won’t work, so thousands of Aussies who are small businesses are done. It’s like telling Coles that they must not make profit on groceries they sell, you have to pay $200/week to walk into their store and buy everything at cost. It’s using a sledgehammer to crack a peanut.