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Cormann lashes out but the FOFA pain may just be beginning

While the government rails at the industry superannuation sector, Labor is contemplating a second-best option when it comes to the Commonwealth Bank financial planning scandal.

The government is now adding to the mess that is its Future of Financial Advice repeal, with Mathias Cormann, the Finance Minister and, after all these months, still acting Assistant Treasurer, wildly lashing out at industry super funds.

In yesterday’s Financial Review, Cormann, AKA the Pseudodinos, mysteriously raised the prospect of targeting industry funds as a kind

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