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ARTICLE · 05 OCTOBER 2021

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The Australian government turns its spotlight on regulators

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The government is focussing on ensuring that regulators are fully performing their functions.

AustraliaAntitrust/Competition Law
Abby Landy
Abby Landy
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The Australian Government has in recent months turned its spotlight on the performance of its regulators, with a focus on ensuring that regulators are fully performing their functions, and doing so in a transparent, effective and efficient manner. The Government's focus is evidenced by the recent establishment of the Financial Regulator Assessment Authority, and the introduction of the new Regulator Performance Guide, both of which occurred earlier this year.

Financial Regulator Assessment Authority

The Financial Regulator Assessment Authority Act 2021

The Financial Regulator Assessment Authority Act 2021 (Act), which came into effect on 1 July 2021, had its genesis in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission).

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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