FULL NEWS CONFERENCE

FULL NEWS CONFERENCE

Posted by Pauline Hanson's One Nation Party on Wednesday, March 27, 2019

Australia’s first case of severe Political Interference from a Foreign Government – The Full Response

 

Full Transcript

Hi. Good morning and thank you for your patience in allowing me to recover these last couple of days. Today is the day of shame on the Australian media who have been sold a story that is too good to be true and you took it hook, line and sinker. Media across Australia had been blinded by the hate and bias towards One Nation and myself and rush to report on heavily edited footage. These covert recordings have been seen in full and the footage has been heavily edited. Therefore, comments aired have been taken completely out of context.

Admissions have been made by the Qatar Government funded organisation, Al Jazeera, that myself and One Nation had zero affiliation or connection with the NRA. When Al Jazeera discovered this, they orchestrated meetings with the National Rifle Association and donors to American President Donald Trump’s election campaign.

Let me make it very clear to the Australian people. I have never sought donations or political guidance from the NRA. An approach by Roger Muller, who was working under cover for the Islamist organisation made an offer to me to be a guest speaker at the annual Congressional Sportsmen’s Dinner in September, 2018. I declined that offer based on two reasons. One, a federal election could have been called at any time last year and I had been heavily criticised when a previous holiday overlapped with the Longman by-election.

Two, I felt there was no reason to talk with Americans when my voters are here in Australia. It was not a good look. Roger Muller’s persistence for my attendance was endless. My refusal not to attend led Roger Muller to instead invite Steve Dickson and James Ashby. Roger Muller and undercover operative for the Al Jazeera, took it upon himself to prearrange a guest speaking position at the Congressional Sportsmen’s vent for my chief of staff prior to any commitment from One Nation agreeing to attend.

Roger Muller also took it upon himself, not at the request of One Nation, to prearrange two meetings with the NRA campaigners and social media staff. They were not there to learn how to sell a mascot or weaken Australians’ gun laws as his programme has tried to depict. Roger Muller and Al Jazeera was responsible for every single orchestrated meeting during my staff’s visit to the United States. If it wasn’t for Roger Muller and the Islamist Al Jazeera network, One Nation would never, never have had any association with the NRA, Coke Industries or the Congressional Sportsmen’s dinner. They would never have gone to the United States full stop.

My approval of their visit was to learn campaigning techniques, meet with other elected officials at the Congressional Sportsmen’s Dinner and learn about the power and economy of the United States. This is not uncommon for political staffers from Labour, the Liberals and the Greens to travel to the United States for political knowledge. And unlike the major parties, my staff did not travel at the expense of taxpayers.

In an interview I did with Roger Mullah for his website, Gun Rights Australia, I rejected his calls for a concealed carrying of guns and the watering down of Australia’s gun laws. He also asked me these same questions at the dinner table insisting that women should be allowed to carry guns for protection. Again, I said we weren’t changing the laws in Australia. I am also aware that Steve Dickson and James Ashby gave him the same reply when he asked them on multiple occasions.

Why haven’t these comments being shown? This is Australia’s first case of severe political interference from a foreign government. The questions must be asked. How much involvement did the ABC having this illegal covert operation and how much money has the ABC paid using taxpayers’ dollars to organisations affiliated with Qatari Islamist government? Qatar is a government that enforces Sharia law, public floggings, genital mutilation, suppression of women and stoning.

This is a political attack by Al Jazeera in cooperation with the ABC. If the ABC had any ethical bone in their body, they would refuse to put this unfair and unbalanced story to air tonight. Ita Buttrose, you need to ask the question of your organisation as the chairwoman. Is this the unethical behaviour you support or do you truly believe they should be aired before a full investigation by ASIO and the Federal Police in light of the true extent of deception? I note ASIO and the Federal Police because I have personally ask them to investigate this matter and I am awaiting a response from them.

Al Jazeera refused to release the unedited covert recordings and I call on them to hand the tapes over to police and to other Australian media sources to clear this party and its members’ names. Even Peter Greste, a former Al Jazeera journalist has pulled out his former employer for unethical practises.

Journalism ethics are on the line today and Australian voters are asking if the Australian media are complicit in airing this false story. There are comments that have been aired in relation to Port Arthur that are obviously heavily edited and do not reflect how I feel about those tragedies that occurred in 1996. There is no question in my mind that Martin Bryant was the only person responsible for the murders of 35 innocent lives. And my belief stands today that he should have faced the death penalty.

In relation to the discussion of donations from America, I did not give my consent for those conversations to be had. My words and actions on the floor of parliament speak the loudest when I voted in favour of banning all foreign donations in late 2018 well, after Steve Dickson and James Ashby visited the United States. One Nation has never received any foreign donations and you are all welcome to review the electoral commissions reporting of donations to this party.

Let me make it very clear to everyone in this country. One Nation will never water down gun policy in this country. One Nation’s firearms policy is one of the strongest and most widely accepted policy in the country. It is stronger than the new laws put forward by the New Zealand Prime Minister, Jacinda Ardern because One Nation want to take guns off criminals and those on terror watch lists.

I call on all Australians, take the time to visit our website and be informed. One Nation will never sell its vote to donors and I make that very clear to those who have given money to this party. Perhaps that’s why big organisation and big business don’t give us donations. I have rejected a $50,000 donation from a tobacco company here in Australia and I will reject donations from anyone that feels I, does not share the values of our party. We are a small party that gets very few donations compared to Labour, the Liberals, the Greens, and the National Party who have all taken foreign donations until changes last year. Our donors are mums and dads and retirees who have had a gut full of the two party preferred system that are slowly destroying our country, culture and way of life.

Do I need political donations to keep this party going? You bet I do. We’re up against the major parties who spend up to $60 million each election to win seats across this country. I make no [inaudible 00:10:22] about wanting to change the political voting system. Only today, Prime Minister Scott Morrison has announced he will be preferencing the Labour Party. And Bill Shorten has done a deal to give Labor’s preferences to the Liberals. This is why we have free trade deals that are destroying industries and manufacturing and bringing in thousands of foreign workers under the same deals. It’s why Australia has the highest immigration rates in the developed world. It’s why the UN are making decisions on Australia’s refugee intake, freedom of speech and opinion, our water and our electricity, which both labour and the liberals support.

Why are Australians allowing these major parties to sign over our rights to who decides who controls this nation? I am the last political voice in Australia who is genuinely here for the people of this country. No wonder Australians have had a gut full of Labour and the Liberal National Party. Voters are being misled by the major parties and I wish people would understand how to take control of their own preferences.

I am here to inform you today that James Ashby will remain as my Chief of Staff and Steve Dickson will remain on the Senate ticket in Queensland. These are two very good men who want nothing but the best for this country and the people of Australia. There has been a deliberate and intense effort for years to destroy James Ashby’s credibility since he came to work for me. He has made some stupid remarks as we all have, but I’ve worked so closely with this man for years to know his integrity is unquestionable and he will not be given a trial by media in an effort to have him sucked. He has been targeted over the pain and has been found to have no case to answer by the Electoral Commission.

He is facing false allegations of assault by a member of parliament. There is security vision and three witnesses that have verified James Ashby did not assault anyone. I have no problem [inaudible 00:12:56] people, just asked Brian Burston, John Passarelli or David Oldfield.

It brings me to Steve Dickson. When I first saw the initial hit piece and Steve Dickson’s comments, I was disgusted. But having watched my own comments, knowing how out of context they were portrayed to the Australian people, I knew he was stitched up. I’ve worked closely with this man for at least two and a half years. I know his family and I have stayed at his home. He is a friend. I acknowledge that Steve made some inappropriate comments. However, let’s not forget he was set up. It is all a ploy to destroy One Nation leading into the election.

Steve has admitted and understands what he said wasn’t the right thing, but he was taken out of context and a victim of entrapment. Sometimes we learn the hard way, but we all deserve a second chance and that is exactly what Steve will get. I stand by Steve and James and so does the party. Al Jazeera and media within this country may have tried to destroy One Nation. However, it has backfired. Instead, we stand here today united even stronger. This was a four year ploy designed to target conservative parties. I am aware that Katter’s Australia Party was also a target of this Middle Eastern foreign agent.

For 23 years I had been targeted by the media with a biassed political agenda who have not bothered to report the full facts or give me a fair go. In 1998 I was informed that Rupert Murdoch offered staff a bonus to get any dirt on Pauline Hanson. He’s motto, kill the cow or get the bitch. I ask you what has changed? Not a great deal. Just take a look at white ribbon advocate David Bosch. I don’t hold all media with this contempt and you know whether you’ve given me a fair go or not. You don’t have to agree with my policies or my presentation to give me a fair go.

It’s at this point I must congratulate Andrew Bolt for seeing through the spin and propaganda Al Jazeera and the ABC have aired. Ellen Jones who stood by me when I was imprisoned in 2003 and has to this day continued to give me a fair go. Paul [inaudible 00:15:55] has always been there to offer me a platform unlike so many others. Others to have been generous with their time. They include Laurie Atlas and Aaron Stevens on 4RO. John MacKenzie at 4CA FM. Perko at 4MK FM. [inaudible 00:16:14] who does the country show on Triple M in Brisbane. Wildy on Power 100 in Townsville. [inaudible 00:16:21] Armstrong who’s left Townsville and gone to the Sydney Morning Herald. Kyle Sandilands at KIIS FM and Brent Bultitude at 2HD.

Michael Mckenna from The Australian. He has been reasonable and so too has Renee Viellaris from The Australian, from the Courier-Mail I should say. Both have given me a fair go. There are many more in regional and rural areas across this country and I thank you.

I want to congratulate Mark Latham on is win in New South Wales and welcome him to the baptism of fire. I also want to thank the people out there who have stood by me and One Nation. I think our candidates who have stood strong during these testing times and my amazing staff who have been with me from day one. And lastly my family who again, have had to sit silently and watch me go through hell.

Australia, we are only weeks away from a federal election and One Nation is the biggest threat to the major parties. With Scott Morrison’s comments today where he has done a preference deal with Labour, you Prime Minister have just handed the keys to the large, to Bill Shorten, Dina Tali and the CFM EU. You’re a fool. To the media here today, you have come here bane for my blood and I will not give it to you. I am answerable to the Australian people only and they will have their say at the ballot box. Thank you.

Get Rid Of Preferences

SCOTT MORRISON SHOULD CHANGE THE VOTING SYSTEMWith Scott Morrison’s announcement that he’d prefer to do a preference deal with the Greens and Labor ahead of One Nation, the voters are not happy.You just have to read the feedback on social media and get out and speak to people.Voters hate the idea they have to number every box and flow their preferences to parties they don’t like.If the Prime Minister doesn’t want to preference One Nation ahead of the Greens and Labor, he should change the voting from compulsory to optional preference voting. That way people have a choice on how many boxes they fill in.A true leader listens to the people.

Posted by Pauline Hanson's One Nation Party on Tuesday, March 19, 2019

One Nation calls to abolish preferences

SCOTT MORRISON SHOULD CHANGE THE VOTING SYSTEM

With Scott Morrison’s announcement that he’d prefer to do a preference deal with the Greens and Labor ahead of One Nation, the voters are not happy.

You just have to read the feedback on social media and get out and speak to people.

Voters hate the idea they have to number every box and flow their preferences to parties they don’t like.

If the Prime Minister doesn’t want to preference One Nation ahead of the Greens and Labor, he should change the voting from compulsory to optional preference voting. That way people have a choice on how many boxes they fill in.

A true leader listens to the people.

Pauline Hanson says Scott Morrisons immigration cuts are a smoke screen

IMMIGRATION CUTS - JUST A SMOKE SCREENThe truth is, Scott Morrison and Bill Shorten will not reduce immigration numbers.Like any good accountant, Governments know how to play with numbers. Collectively, the Government allows around 600,000 migrants into Australia each year. This is a culmination of permanent migrants, long term students, skilled labor visas (457 visas), refugees, asylum seekers and a raft of other visa holders who all have working rights.This 600,000 does not take into consideration holidaymakers.Don’t fall for the rhetoric of the major parties as we head into a federal election.#OneNation #PaulineHanson #ScottMorrison #Preferences

Posted by Pauline Hanson's Please Explain on Tuesday, March 19, 2019

Immigration cut just a smoke screen

The truth is, Scott Morrison and Bill Shorten will not reduce immigration numbers.

Like any good accountant, Governments know how to play with numbers.

Collectively, the Government allows around 600,000 migrants into Australia each year. This is a culmination of permanent migrants, long term students, skilled labor visas (457 visas), refugees, asylum seekers and a raft of other visa holders who all have working rights.

This 600,000 does not take into consideration holidaymakers.

Don’t fall for the rhetoric of the major parties as we head into a federal election.

Pauline Hanson gets fired up over politican pay outs

Sorry in advance for getting so fired up but the thought of Julie Bishop walking away and pocketing a political pension of $200,000 plus makes my blood boil!One Nation has consistently fought for a freeze on politicians pay but every other political party, including Derry Hinch, has voted against us! Politicians should be leading by example. We have pensioners unable to pay their bills to keep the lights on yet politicians keep giving themselves fat pay rises, it is no surprise Aussies think most politicians are parasites.

Posted by Pauline Hanson's Please Explain on Sunday, March 3, 2019

Pauline gets fired up over $200,000 pension for Julie Bishop

Sorry in advance for getting so fired up but the thought of Julie Bishop walking away and pocketing a political pension of $200,000 plus makes my blood boil!

One Nation has consistently fought for a freeze on politicians pay but every other political party, including Derry Hinch, has voted against us! Politicians should be leading by example.

We have pensioners unable to pay their bills to keep the lights on yet politicians keep giving themselves fat pay rises, it is no surprise Aussies think most politicians are parasites.

Barnaby Joyce admits the Liberal National Party is spineless

I was shocked to hear Barnaby Joyce admit the Liberal National party is spineless when it comes to allowing Milo and Tommy Robinson into Australia.#Auspol #OneNation #Hobart #TommyRobinson #Milo #PaulineHanson

Posted by Pauline Hanson's Please Explain on Wednesday, March 6, 2019

Milo Yiannopoulos denied entry – Free speech dead in Australia?

I was shocked to hear Barnaby Joyce admit the Liberal National party is spineless when it comes to allowing Milo and Tommy Robinson into Australia. Absolutely despicable! What happened to free speech in this country?

EARLIER:

Why is the Government helping Antifa silence Milo and Tommy Robinson? | Pauline Hanson on the Bolt Report

I know many of you are supporters of Tommy Robinson or Milo Yiannopoulos and have asked me to see if there is anything I can do to help them visit Australia.I can reveal that I have written to and spoken with Immigration Minister David Coleman about their cases.I first wrote to Minister Coleman a month ago and he assured me he would respond but it seems like the Government is too afraid to take a stand because now he is dodging me.I’m sad to say the Government is now acting as an arm of Antifa. Milo and Tommy have not called for violence. They have been the victims of violence. By refusing them entry into Australia this gutless Government is validating the left's use of violence to silence people. How pathetic!I will continue to see what I can do and will keep you updated if I learn more.

Posted by Pauline Hanson's Please Explain on Monday, March 4, 2019

Many of you are supporters of Tommy Robinson or Milo Yiannopoulos and have asked me to see if there is anything I can do to help them visit Australia.

I can reveal that I have written to and spoken with Immigration Minister David Coleman about their cases.

I first wrote to Minister Coleman a month ago and he assured me he would respond but it seems like the Government is too afraid to take a stand because now he is dodging me.

I’m sad to say the Government is now acting as an arm of Antifa. Milo and Tommy have not called for violence. They have been the victims of violence. By refusing them entry into Australia this gutless Government is validating the left’s use of violence to silence people. How pathetic!

Pauline Hanson speaks with Alan Jones on drought proofing Australia

For more than 22 years, I've been pushing to drought-proof Australia by building a hybrid version of the Bradfield Water Scheme.Just a few weeks ago, I asked the Parliament to vote on approving the project, but sadly the Liberals, Nationals, Greens and Labor voted against it.Only One Nation elected Senators voted in favour of the project.I'm tired of people saying, "Let's do another feasibility study". Has anyone asked themselves how feasible a country is without water?#Auspol #OneNation #PaulineHanson #Bradfield #Water #Drought

Posted by Pauline Hanson's Please Explain on Thursday, February 28, 2019

Pauline Hanson speaks with Alan Jones to Drought Proof Australia

For more than 22 years, I’ve been pushing to drought-proof Australia by building a hybrid version of the Bradfield Water Scheme.

Just a few weeks ago, I asked the Parliament to vote on approving the project, but sadly the Liberals, Nationals, Greens and Labor voted against it.

Only One Nation elected Senators voted in favour of the project.

I’m tired of people saying, “Let’s do another feasibility study”.

Has anyone asked themselves how feasible a country is without water?

Liberal Party pass law to make you pay for electoral advertising

LIBERALS CHANGE LAWS SO THAT TAXPAYERS MONEY CAN BE USED FOR ELECTION ADVERTISING.I'm disgusted at the fact the Liberal / National party made changes to the law allowing taxpayers money to be used for election ads.I will do whatever I can to over-rule this change when we return to Parliament in April.When you see a Liberal / National Party tv and radio commercial during this election period - just keep in mind you're likely paying for it.Let me know if you're disgusted with this blatant money grab.#Auspol #OneNation #PaulineHanson #LNP #Liberal #ScottMorrison #Labor

Posted by Pauline Hanson's Please Explain on Wednesday, February 27, 2019

Law Change Means Taxpayer Money To Be Used For Election Advertising

LIBERALS CHANGE LAWS SO THAT TAXPAYERS MONEY CAN BE USED FOR ELECTION ADVERTISING.

I’m disgusted at the fact the Liberal / National party made changes to the law allowing taxpayers money to be used for election ads.

I will do whatever I can to over-rule this change when we return to Parliament in April.

When you see a Liberal / National Party tv and radio commercial during this election period – just keep in mind you’re likely paying for it.

Let me know if you’re disgusted with this blatant money grab.

 

Pauline Hanson says couch potatoes should help flood and drought affected farmers

SMALL TOWNS ARE IN NEED OF DOCTORS, YET OUR GOVERNMENT HAVE GIVEN 1 DOCTOR FOR EVERY 8 ILLEGAL, ECONOMIC MIGRANTThe priorities of the two major parties in this country is all wrong.Here I am in small rural Australian towns where they struggle to get medical support from our state and federal governments, but when it comes to refugees or illegal, economic migrants, they give them everything they want.Things must change.

Posted by Pauline Hanson's Please Explain on Monday, February 18, 2019

Nauru Gets 1 Doctor per 8 People, Small Australian Towns Get None

SMALL TOWNS ARE IN NEED OF DOCTORS, YET OUR GOVERNMENT HAVE GIVEN 1 DOCTOR FOR EVERY 8 ILLEGAL, ECONOMIC MIGRANT

The priorities of the two major parties in this country is all wrong.

Here Pauline is in small rural Australian towns where they struggle to get medical support from our state and federal governments, but when it comes to refugees or illegal, economic migrants, they give them everything they want.

Things must change.

Pauline Hanson visits flood affected Cloncurry & Julia Creek

The heartbreaking sight of cattle lying dead in paddocks off the back of floods in Western Queensland is just indescribable.I've just been through a briefing with the Mayor of Cloncurry and I'm confident the army, council, volunteers, businesses and federal government are doing a great job. I'm only just seeing the true impact the torrential rain has caused these rural communities.If you'd like to help, there are three organisations the mayor has recommended. GIVIT - Blaze Aid - Farm AidI'll keep you posted.#Auspol #OneNation #PaulineHanson #JuliaCreek #Cloncurry

Posted by Pauline Hanson's Please Explain on Monday, February 18, 2019

Pauline ditches Canberra for flood affected farmers

The heartbreaking sight of cattle lying dead in paddocks off the back of floods in Western Queensland is just indescribable.

I’ve just been through a briefing with the Mayor of Cloncurry and I’m confident the army, council, volunteers, businesses and federal government are doing a great job.

I’m only just seeing the true impact the torrential rain has caused these rural communities.

If you’d like to help, there are three organisations the mayor has recommended.

GIVIT – Blaze Aid – Farm Aid

Pauline Hanson wants damaged rail line used as cattle fencing

I HAVE A BETTER IDEA ON HOW TO GET FENCING MATERIAL FOR FLOOD AFFECTED FARMERSThe railway line throughout parts of north-west Queensland that was washed away and destroyed during recent floods is set for the scrap yard – but I have a better use for it.I'd like to see the Queensland State Government donate it to farmers so they can cut it into post lengths to help get fences back up and farmers can get on their feet again.I took a lot of these aerial shots with the drone and sent them through to Sunrise for the update with Sam.If you can lend a hand to people who have suffered, visit: http://www.givit.org.au#Auspol #OneNation #PaulineHanson #JuliaCreek

Posted by Pauline Hanson's Please Explain on Wednesday, February 20, 2019

I HAVE A BETTER IDEA ON HOW TO GET FENCING MATERIAL FOR FLOOD AFFECTED FARMERS

The railway line throughout parts of north-west Queensland that was washed away and destroyed during recent floods is set for the scrap yard – but I have a better use for it.

I’d like to see the Queensland State Government donate it to farmers so they can cut it into post lengths to help get fences back up and farmers can get on their feet again.

I took a lot of these aerial shots with the drone and sent them through to Sunrise for the update with Sam.

If you can lend a hand to people who have suffered, visit: http://www.givit.org.au

Over the last few days, I've been able to see first hand the devastation in North West Queensland where flood waters…

Posted by Pauline Hanson's Please Explain on Wednesday, February 20, 2019

We Support Mortgage Brokers, Not Banks

Commissioner Kenneth Hayne’s recommendations in his final report into misconduct in the banking industry has immediately jeopardised the survival of more than 17,000 small businesses across Australia.

That’s the number of mortgage brokers providing loans to mums and dads, who rely on upfront and trailing commissions paid by the lender to survive. Take those commissions away and make the borrower pay, and you will decimate the industry.

That’s tens of thousands of jobs, millions of dollars in tax revenue and much less competition for the big banks.

The recommendations have also jeopardised more than 100 small lenders in Australia – lenders that have shifted into regional areas to partially fill the void left by the big banks moving out. Those small lenders, including regional banks and credit unions, rely on mortgage brokers to reach customers.

The consequences of Hayne’s mortgage broker industry recommendations will be far-reaching for small businesses, consumers and our economy. And they won’t be positive.

There are several flaws in the Royal Commission report relating to the home lending market. Hayne shows little knowledge of how the mortgage market works.

The first flaw is a lack of understanding about what a mortgage broker does to earn his or her upfront and trailing commissions. A mortgage broker helps a customer select a home loan based on their financial situation, needs and ability to repay the loan. They compare loans, help the customer negotiate a lower interest rate and use their knowledge and contacts within the industry to find the most suitable deal.

Once the customer has decided on the best loan for them, mortgage brokers help customers fill out the loan form, liaises with solicitors before settlement and often do a full assessment of the credit-worthiness of the borrower. They are regularly responsible for chasing documents, such as pay slips, to verify eligibility. Then they submit it to the lender.

Once the lender approves the loan, the mortgage broker assists with the loan documentation, liaises with the lender, solicitors and anyone else involved in the transaction to allow the customer to get the money. No-one else in the home lending sector provides a single coordination point for all this.

Knowing what is going on in the market is very important if the customer wants the best deal. Which bank has the best deal for fixed-rate loans this week? What lender is looking for long term home loans? Who wants to lend to agri-businesses? Mortgage brokers know what’s going on in the market. Consumers don’t.

I can’t imagine someone walking into Commonwealth Bank and being refused a loan, only to hear the customer service representative suggest they go down the road to ANZ.

If the government undermines the mortgage broker community, there will be far fewer loans provided. Almost 60 percent of us use a mortgage broker. Take that service away and fewer people will buy houses. The Reserve Bank has already said the economy is vulnerable to shocks in the property market. The second flaw from Hayne recommends borrowers, not lenders, pay the upfront fee. It means the borrower will pay the fee twice.

At the moment, the mortgage brokers receive a commission paid by the lender and the customer gets the loan. Under Hayne’s recommendations, the borrower pays the fee and the bank gets to pocket what it used to pay the mortgage broker. Hayne didn’t tell the banks to reduce interest rates to make up for the additional money they’ve made on the home loan.

So customers will pay twice – once when they set up the loan and once when they pay the interest on the loan.

The only way around this is to force the banks to refund the fee to the borrower, or to have them charge a lower interest rate, at least for the first year. Hayne wants to punish the mortgage brokers and reward the banks.

The third flaw is that forcing the borrower to pay the upfront fee to mortgage brokers means families will take longer to buy a house. Already it’s very tough to save for the deposit, and have enough for stamp duty, administration fees, legal and other fees. Adding another cost up front will put home ownership out of people’s reach for longer, particularly first home buyers.

The fourth flaw from Commissioner Hayne’s recommendations on mortgage brokers is critical. If you undermine the mortgage brokers’ viability, smaller lenders lose access to customers and will start closing. The only winner will be the big banks.

Already the number of small lenders is shrinking. Excluding the big five banks – ANZ, Commonwealth Bank, NAB, Westpac and Macquarie Bank – there is half the number of lenders available to home loan customers than 12 years ago.

Regional banks and credit unions haven’t got the money to open up branches in Sydney or Melbourne or regional Western Australia or far north Queensland. They don’t need to because mortgage brokers do the job for them, helping them access thousands of customers.

If mortgage brokers become unviable, so too do dozens of lenders. Market power shifts back to the big banks and interest rates will go up. Customers lose out.

Just look across the ditch. No trail is available to mortgage brokers in New Zealand, but the upfront payment is almost twice as much as here. It’s not because the mortgage brokers are greedy. It’s because they need that much upfront commission to stay afloat.

Hayne has these recommendations wrong. The Government and Labor are blindly walking into a huge trap by abolishing trailing commissions. Bill Shorten and Scott Morrison need to consult with the industry before making these sweeping changes or they risk enormous fallout.