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Government to create ASIC, APRA regulator

The government has passed legislation that will see the establishment of an independent body that will review the effectiveness of both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).

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Read more: FRAAASICAPRAAustralian Prudential Regulation AuthorityHayne Royal CommissionFinancial Regulator Assessment Authority BillJoseph LongoSenator Andrew BraggTreasurer Josh Frydenberg