Royal Commission about Flexi Commissions, page-5

Flexi commissions are crook and should be banned no doubt about it.

Do MOC have flexicommision arrangements? I sort of doubt it.

Flexicommission arrangements are usually used when a car yard salesperson says ‘how much can you afford per week’. Commissions are jacked into making a number fit into the consumers perceived affordability. Crook in other words.

None the less. Last half MOC showed diversified products net revenue of 0.88m. Do car loans fall under this banner? Do so what would the revenue drop be to MOC? Would the revenue drop (if there is one at all) actually be nil anyway? You need to remember that MOC receives a net revenue number, ie a difference. The broker would receive the flex commission benefit (if there is one at all).

Me thinks anyways.