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Politicians warned over ‘rushed’ Deposit Takers Bill

Credit unions and building societies could become 'collateral damage' to the big Aussie banks.

Politicians are mulling over a new controversial Deposit Takers Bill.

Politicians have been warned that non-bank deposit takers could eventually disappear and become collateral damage due to a new Bill before Parliament.

The Deposit Takers Bill allows the Reserve Bank to impose tough new standards on NBDTs – standards intended to ensure stability of the whole

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Politicians warned over ‘rushed’ Deposit Takers Bill
Politics,
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