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How the major parties’ policies compare on business and finance regulation

Rob Nicholls writes in The Conversation (23.6.16) about the policy positions of each of the major parties regarding regulation of the business and finance sectors.

‘Controversy has courted the Australian banking, finance and the business sectors throughout the election campaign. Scandals like that engulfing CommInsure, the rate rigging cases brought against some of the Big Four banks and sacking of 7-Eleven compensation board, have forced the major parties to produce policies in answer.

‘ … Party positions on business law and policy do not always follow voter expectations. For example the Business Council of Australia and Labor aligning on opposition to changes to competition law and, for labour laws, the Liberals wanting regulation to include small business where Labor does not. Although the parties are transparent on their policies, voters cannot rely on their intuition to predict party positions in this area.’

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