When he became prime minister last month, Malcolm Turnbull pledged to lead a "thoroughly liberal government, committed to freedom, the individual and the market". For the record, I support him. However, does the role and impact of APRA accord with principles of the government?
APRA oversees a banking and insurance industry that controls around $5 trillion of funds. Following their extraordinary measures across all our major lenders that has increased rates and diminished loan affordability - where is the government and their commitment to the individual and a free, non-manipulated market? http://www.theguardian.com/australia-news/video/2015/sep/14/malcolm-turnbull-pledges-thoroughly-liberal-government-videoless
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AuthorSteve McClure is a Finance Select Director with more than 30 years finance experience and over 22 of those as a broker ArchivesCategories |