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Features Australia

Business/Robbery etc

Cutting bank dividends - what for?

18 April 2020

9:00 AM

18 April 2020

9:00 AM

Why is the Morrison government using the Australian Prudential Regulation Authority as its surrogate to attack bank dividends? APRA is misusing its prudential role for a clearly non-prudential purpose aimed at protecting the government from a political backlash from those investors who depend on bank dividends for a considerable slice of their income.

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