{"id":16760,"date":"2019-02-05T09:03:43","date_gmt":"2019-02-04T20:03:43","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=16760"},"modified":"2019-02-05T09:03:43","modified_gmt":"2019-02-04T20:03:43","slug":"watch-government-to-act-on-all-76-banking-royal-commission-recommendations","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/watch-government-to-act-on-all-76-banking-royal-commission-recommendations\/","title":{"rendered":"WATCH: Government to act on all 76 banking royal commission recommendations"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO: Royal commission recommendations<\/strong><\/p>\n<p>Government to act on all 76 banking royal commission recommendations The final report of the banking royal commission has recommended a complete overhaul of the sales culture and conflicts of interest rife in the financial services sector. It makes 76 recommendations, which, if implemented, will lead to massive disruption of the business models of several industries, including mortgage brokering and financial planning.<\/p>\n<p>Commissioner Kenneth Hayne referred potential criminal breaches by several banks, superannuation trustees and insurers to the corporate regulator ASIC but did not name names of those who may end up being charged. Treasurer Josh Frydenberg said the Government was &#8220;taking action&#8221; on all of the recommendations.<\/p>\n<p>&nbsp;<\/p>\n<p><iframe width=\"1380\" height=\"776\" data-src=\"https:\/\/www.youtube.com\/embed\/l3v1gGPOrP8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/www.instagram.com\/p\/BsWb_DNFOSl\/<\/p>\n<p><a class=\"twitter-timeline\" data-width=\"1200\" data-height=\"1000\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/propertynoisenz?ref_src=twsrc%5Etfw\">Tweets by propertynoisenz<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO: Royal commission recommendations Government to act on all<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/watch-government-to-act-on-all-76-banking-royal-commission-recommendations\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":16761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478099239,478103482,478103484,478098542,478098522,478103481,478098543,478098513,478098514,478098511,478098509,478103483,478101131],"class_list":["entry","author-data123nz","post-16760","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-banking-royal-commission","tag-financial-services","tag-government","tag-home-loans","tag-interest-rates","tag-kenneth-hayne","tag-mortgages","tag-property","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-royal-commission-recommendations","tag-treasurer-josh-frydenberg"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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