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Govt confirms shake-up of financial systems surveillance

Following speculation, the Turnbull government announced a $127.2 million reform package intended to strengthen the corporate regulator.

Govt confirms shake-up of financial systems surveillance
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In a statement from Federal Treasurer Scott Morrison the "measures will equip ASIC with stronger powers and funding to enhance surveillance capabilities better enabling our corporate watchdog to combat misconduct in Australia's financial services industry and bolster consumer confidence in the sector".

Read the full story at ifa.

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