for those amongst throwing their toys out of the sand pit - (and happy to confess I was one of them) the walk back on this contrived education process (hurdles) presents as a seriously good thing.( being educated was obviously necessary imperative to deliver advice - that's why the industry guy scan now do this totally without qualification - no even the holy ethics obligations. In my own case - single adviser practice - healthy business - I was required to do four full units at uni - (despite having other relevant degrees and post grad quals in project management and IT) it was going to be cost of study = 4 x units @ 3.5k each + one full years salary + payment of another advisor to look after the book - you know the usual things - so it was going to be a 220k + exercise for 4 units (one year) and I would have used the new requirements for about 3-5 years at best. not a good ROI - $220k investment to remain for 3 -5yrs. but this needs to be put into context. The total carve out for those of the ISN camp was always the main game. Make all the advice provision expensive - and then have our team providing advice - it essentially for free. What could be more equal than that? - or was it always about commercial imperative to nobble the IFA's and banks encroachment on the ISN honey pot. I think the question has been well and truly answered by the actions of Levy and her mates in the Labor ISN - cabal