Jacqui Lambie helps Senate reverse financial advice changes Negotiating laws in the Senate is about to become more complex as Jacqui Lambie closes in on independence. Palmer United Party Senator Jacqui Lambie after an event is surrounded by media at Parliament House in Canberra Source: News Corp Australia IT'S a case of third time lucky for Labor after the federal opposition finally overturned controversial changes to financial advice laws. Bear with us. The surprise result came after crossbench senators Ricky Muir and Jacqui Lambie declared they would side with Labor, despite previously voting twice with PUP to keep the FOFA changes. After a marathon debate, the Senate on Wednesday voted to reverse changes the Abbott government made to Labor's Future of Financial Advice laws. After a series of financial collapses the previous Labor government aimed to tighten rules surrounding financial advisers, but in July the government used regulation to modify the laws. The political backflip infuriated the government, which accused Senator Lambie of using her vote as a weapon against Palmer United Party leader Clive Palmer. Palmer United Party Senator Jacqui Lambie speaking on the governments financial advice regulations in the senate chamber at Parliament House in Canberra. Palmer United Party Senator Jacqui Lambie after a press conference on the governments financial advice regulations. Independent Senator Nick Xenophon and Jacqui Lambie at Parliament House in Canberra today. The rebel PUP senator has accused her boss of spreading rumours about her - allegations he later slammed as lies - and said she had no boss but her constituents in Tasmania. They risked becoming victims to unscrupulous financial advisers and losing their life savings or homes if stronger laws weren't governing the industry. "I'm proud to say I'm going to vote with like-minded senators - the coalition of common sense - to fix an injustice that I helped create just a few months ago," she told the chamber. Today I will vote according to my conscience. The Motoring Enthusiast Party's senator Muir - who was accused of breaking his promise to the government - said he'd been "bombarded" with legislation when he first came to office in July. He didn't have time to consult his constituents and seek out better information. "If this information leads to me changing my mind it is not an attack on anybody," he said. The financial services industry has warned disallowing the regulations would cause havoc and create a legal quagmire. The Australian Greens and independent senators Nick Xenophon and John Madigan also voted to overturn the changes. Originally published as Why you should thank Jacqui Lambie tonight