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 Extortionist OZschwitz finance regulator to notch up bill of $115.6 million

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Extortionist OZschwitz finance regulator to notch up bill of $115.6 million Vide
PostSubject: Extortionist OZschwitz finance regulator to notch up bill of $115.6 million   Extortionist OZschwitz finance regulator to notch up bill of $115.6 million Icon_minitimeSun Jun 02, 2013 8:34 pm
Australia's banks, superannuation funds and insurers will be hit with a $115.6 million bill over the coming year to provide the bulk of the funding for the Australian Prudential Regulatory Authority.

Extortionist OZschwitz finance regulator to notch up bill of $115.6 million Artnapra0306300x0



At the same time, the industry faces $11.5 million just in the fees used to fund securities regulator, the Australian Securities and Investments Commission. Much of the increase in ASIC's $32.2 million funding jump is to police over- the-counter derivative products.

The funding for APRA represents a $2.7 million increase over the previous year given more than $3 million worth of funds has been left sitting unspent, according to figures contained in a consultation paper released by Treasury.

Read more: http://www.smh.com.au/business/finance-regulator-to-notch-up-bill-of-1156-million-20130602-2njyi.html#ixzz2V6oDxMMj
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Extortionist OZschwitz finance regulator to notch up bill of $115.6 million

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