Ann: Change in substantial holding from PPT, page-11

Fair post, except....

"....& especially the potential impact on finance commissions due to the Royal Commission."

Finance or Insurance commissions....? Or both?

Would think moreso insurance - dodgy products and huge comm's received by the dealer networks. A mate of mine is an insurance broker and i asked him at one stage, a few years ago when buying a new car, about the dealers offer of a 'Wheel & Tyre Insurance Policy". He told me it was cr@p and to stay away - words to the effect that it "wasn't worth the paper it was written on". The RC proved his advice to be true......

Apparently those products were designed specifically for distribution through the dealer networks only and not offered to the broker market - apparently less scrutiny of the policy wording by the dealers....

GLTAH.