Election 2016: Scott Morrison warns banks not to pass on ASIC costs

Phillip Coorey | AFR

Australia’s banks will pay $121 million over the next four years to fund sweeping new powers and resources for the Australian Securities and Investments Commission, in a bid to clean up the culture of financial scandals and try and neutralise Labor’s call for a royal commission into the financial services sector.

Read the full article published in the Australian Financial Review.

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