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Unintended consequences of proposed banking legislation

Thought Plus
02 Oct 2017

Australian Unity has raised concerns about the potential for unintended consequences of proposed legislation regarding the accountability and remuneration of banking executives.

In a submission to Treasury dated 28 September, 2017, Australian Unity noted that the draft legislation failed to consider the case where an authorised deposit taking institution was a subsidiary of a larger organisation. To read the full submission, click here.