A win for sense and fact-based reasoning. Pity the FSC don't appear to be as nearly concerned about the still unresolved horror stories and shattered lives left in the wake of some of their largest constituents' advice and related debacles! As the good Senators reminded Australians, none of them have had such tales of trauma regularly brought to them by clients of industry funds that have operated by and large under their existing governance arrangements for over 25 years.