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Regulatory

Govt slams Labor on ASIC budget cuts

BY HAMISH MADDEN | MONDAY, 5 MAR 2007 12:18PM

The Federal Government has slammed the Opposition's proposal to cut funding for the Australian Securities and Investments Commission (ASIC), saying reduced resources and capabilities would be welcome news for criminals.

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Australian Unity to shed 195 roles

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Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

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Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

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