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"Industry funds salaried advisers are at an advantage because they can provide intrafund advice without providing Fee Disclosure Statements or having to provide opt-in notices because they are not actually receiving fees but are being paid out of member funds".

This smacks of EXACTLY the same as tied agent model which died decades ago. Under this model the duty of care is to the employer and NOT the client.

"Salaries paid from member funds" is fine but a commission is devil's own evil.

The stench of hypocrisy and un-level playing field is beyond belief.

It's a simple ISA aka Union aka Labor Party stichup of the best(worst) kind.