The Government should not tell business to meet "community expectations"
284 views · Published 7 February 2018 · 4:41 · Indexed 12 November 2026
Channel: Libertarian Party (Australia) · 2018 · News & Politics
This bill imposes a new layer of regulation and supervision on the banking sector, overseen by APRA. Its purpose, as stated by the Treasurer in his Second Reading speech, is to ensure that where community expectations of accountability and integrity of banking directors and executives are not met, “appropriate consequences will follow”. As a Liberal Democrat I am opposed to this. It is not a legitimate exercise of government to seek to ensure particular businesses meet community expectations. This is a matter for the market.
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