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Men's Weekly

Vital signs. It's one thing to back down on Hayne's recommendation about mortgage brokers, it's another to offer nothing in its place

  • Written by Richard Holden, Professor of Economics, UNSW

What a backdown.

On Tuesday, with all the grace he could muster, Treasurer Josh Frydenberg declared that he wouldn’t be implementing as many of the banking royal commission recommendations as he had said he would.

As he put it:

Following consultation with the mortgage broking industry and smaller lenders, the Coalition Government has decided to...

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