Financial Industry Suggests Change in Electoral System
The federal government has received suggestions from the Financial Services Council to extend their terms to 4 or even 5 years in order to decrease pressures that were getting in the way of very important reforms in the financial industry area. The current problems with the financial industry Sally Loane, chief executive of FSC, says that the 3-year terms that are currently in place is tacitly supporting a ministry overhaul that wastes valuable time better spent on legislation on superannuation and taxes, which is desperately needed. The reforms and reviews and going back and forth on them cost $2.75 billion […]
