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Regulatory

Industry funds steering clear of FHSAs

BY WWW.THESHEET.COM | FRIDAY, 13 JUN 2008 12:32PM

The release this week of Australian Prudential Regulation Authority draft prudential standards for super funds that plan to offer first home saver accounts has confirmed the view of many fund trustees that the FHSA structure and regulatory framework are too cumbersome and costly for them.

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