Australian PM writes to mortgage brokers warning about government change.
BANKING AND CREDIT NEWS-April 22, 2019--Australian PM writes to mortgage brokers warning about government change
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Global Banking News - 22 April 2019
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Australian PM Scott Morrison has written to mortgage brokers in the nation warning them that a Bill Shorten-led government would not help their business' cause.
In his letter, Morrison said that if the Labour Party comes to power, it could implement policies suggested by Kenneth Hayne QC in his banking royal commission final report. This, the PM opined, might not be good for the industry. He also predicted a slowdown in the property market should Labour come to power.
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