" The Federal Government must suspend licensing of finance brokers”– DLP Senate team leader for Queensland, Tony Zegenhagen
Queensland’s DLP Senate team leader Tony Zegenhagen announced todaythat the Federal government is condoning the removal of choice, fairness and competitiveness from the financial markets.
Tony Zegenhagen, a finance broker trained in accounting, announced that major banks CBA and Westpac have cut hundreds of their finance brokers for (as they state) “failing to meet their targets”. Westpac is even charging a $500 reconnect Fee for being “disloyal”.
“This anti-market behaviour by major banks comes hot on the heels of pensioners and low income earners being robbed of low cost advice with many small businesses being sent to the wall,” said Tony Zegenhagen.
In acts that continue to attack small business and the consumer, finance brokers are being forced to write large quantities of loans for these banks or be cut from their adviser groups.
“The Federal Government must suspend licensing of finance brokers,” Tony Zegenhagen said. “These brokers and their clients must firstly be duly compensated by Westpac, CBA and any other financial institutions who have conspired in enforcing this closed market.”
“The people of Australia are sick to death of this government allowing these banks to profit gouge and restrict fair trade to consumers and small businesses.”
“Assistant Treasurer Senator Nick Sherry may think this sort of licensing restricting is great for the ALP and for a couple of major banks , but he should admit that this government not only risked taxpayers money (during our guarantee of their deposits) but also assisted in the restriction of trade that the ALP is so well known for.”
Tony Zegenhagen asked today: “How much longer will the Australian people bow to these sorts of restrictions before demanding an end to this fraud.”
