FSI ‘touchstones’ focus promotes innovation, efficiency and competition, says Minter Ellison
Minter Ellison specialist financial services partner Richard Batten has welcomed the Financial Systems Inquiry (FSI) Interim Report, released on 15 July 2014, as a very comprehensive survey of all issues affecting Australia’s financial system. He said it reinforced the system’s overall strength and confirmed the fundamental adequacy of regulatory architecture.
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Australian government seeking more efficient delivery of public sector functions through contestability
On Monday 15 December the Australian government announced its ‘Efficiency through Contestability Programme’, as part of the mid-year economic and financial outlook.
The federal government has confirmed there will be ‘single-sided’ reporting for Phase 3B entities.