Mixed views on FoFA changes ASSISTANT Treasurer Arthur Sinodinosis's long-awaited package of proposed cuts to the recent FoFA legislation landed to a mixed reception yesterday, earning praise from the bank-owned organisations that had been pushing for the cuts and warnings from the industry funds that had been supporters of the previous legislation. FoFA, the Future of Financial Advice legislation that became law on July 1, still lacks regulations in some areas and the changes will need a mix of cabinet decisions on the regulations, and parliamentary votes on any changes to the law.