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‘Economic self harm’: Morrison cautions against bank break-ups – 20 April 2018

The government has proposed increasing the highest-penalty criminal offences under the Corporations Act to 10 years for individuals and the greater of a $945,000 fine or three times the benefits gained. Financial services companies would face maximum fines of $210 million, with their annual turnover stripped by 10 per cent under the proposed penalty laws.

https://www.smh.com.au/business/banking-and-finance/economic-self-harm-morrison-cautions-against-bank-break-ups-20180420-p4zann.html