Member for Finniss David Basham hosted a well-received free, public information session on financial services on Friday morning.
A full house packed into the McCracken Convention Centre to hear from a guest panel which included Federal Assistant Minister for Treasury and Finance Senator Zed Seselja, Jordan George BE (Hons), LLB, MTax, SSATM of Self Managed Super Fund (SMSF) Association and Stephen Hale from the Mortgage and Finance Association of Australia (MFAA).
Also in attendance were the Federal Assistant Minister for International Development and the Pacific, Senator Anne Ruston and Liberal Candidate for Mayo, Georgina Downer.
Members of the public as well as local financial industry representatives were able to have their thoughts heard and take part in an open discussion with panel members.
Senator Seselja said the event was already planned prior to the release of the Royal Commission’s findings, and while it was a topical point of discussion, many other issues were raised.
“A lot of the concerns that were raised weren’t directly related to the Royal Commission,” he said.
“We heard from some mortgage brokers who are concerned and I spoke them through how the government is not at this stage ready to accept the recommendation to abolish commissions, which is of great concern to mortgage brokers.
“We heard a lot about retiree tax and a lot of concerns in the community from people who were going to lose money as well as negative gearing and the broader state of the economy and some of the great policy debates that are going on.”
Senator Seselja said it was important to drive conversations with a range of people across the community.
“We think that it’s important to hear from not just retirees, but a number of other people here in the Victor Harbor community.
“It’s a really wonderful community here and we were heartened by the welcome we received, and obviously we have a great local member and local candidate here also.”