Brent Becroft

This is a long way from becoming law yet, Additionally, should Labor even get in, APRA will obviously exempt outstanding hybrid securities from the new rules until they are replaced over the next 6 or 7 years. So, no need to panic, make decisions on the run and undertake big changes to your portfolio just yet.

Elizabeth Moran

I agree the proposed changes are a long way from becoming law and I would expect some concessions if Labor win the next election but there is no guarantee existing terms will be grandfathered