Financial System Reform Report

Standing Committee on Uniform Legislation and Intergovernmental Agreements· 13 May 1999general_report

This 1999 WA parliamentary report examines the proposed transfer of regulatory responsibility for credit unions, building societies, and friendly societies from the states to the Commonwealth. It analyses the Intergovernmental Agreement designed to achieve national uniform regulation of the financial sector.

Impact

The changes affect credit unions, building societies, friendly societies, and consumers. The aim is to create a more efficient and competitive financial system with national standards.

financepublic_sectorfinancial system reformintergovernmental agreementuniform legislationcredit unionsbuilding societiesfriendly societiesprudential regulationAPRAASICfinancial institutions

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