Australia ammends APRA remit

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AUSTRALIA - The Gillard government will amend superannuation legislation to tighten the list of funds that are exempt from policing by the Australian Prudential Regulation Authority (APRA) it announced this week.

The proposed Superannuation Industry (Supervision) Amendment Regulations 2011 would amend the list of exempt public sector superannuation schemes (EPSSS) to remove schemes that have converted to AP...

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