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Budget 2009: Almost $12 million extra for financial adviser watchdog

Thursday 28th of May 2009

Commerce Minister Simon Power said the government will pump an additional $2 million this year as it seeks to "restore confidence in the financial markets by introducing a minimum standard of competence for financial advisers" and institute the Securities Commission as the central regulatory body for the sector. The government will continue to review its funding requirements, but expects the re...

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