Desperation, thy name is Recessionberg, via AFR:
The federal government has backflipped on a key recommendation of the banking royal commission and will no longer ban trail commissions for mortgage brokers from 2020, as it promised to do last month.
Instead, it will hold a review into whether trail commissions should be kept from 2020 onwards. The review will be conducted by the Australian Competition and Consumer Commission and the Council on Federal Financial Relations, which comprises the federal and state treasurers.
