[Carey Church] Time to widen debate on FAA Options paper

At the risk of being the lone voice in the wilderness, I want to congratulate MBIE/FMA for the three package options that they have come up with.

In my opinion, the baseline that has been proposed is a huge improvement for consumers and the industry. My interpretation is that the baseline of Packages One and Two are that everyone will have to 'always put their consumers interest first', and everyone will have to have the same simple disclosure.

Personally I don't agree with the proposal in Package Three to split out sales and to have no rules around 'putting the consumers interests first' for consumers - to me, that is returning to the bad old days, and I will make a submission around that.

But looking at packages one and two, a few things stand out for me: