Australia's
financial services industry bosses believe excessive regulation in the
industry is crippling the country's productivity growth,Gyratory crusher according
to a new report released Monday by the Financial Services Council (FSC)
and investment management service provider DST Global Solutions.
The
FSC-DST Global Solutions CEO Report is based on an annual survey of
Australia's leading CEOs in the 1.9 trillion AU dollar (1.99 trillion
U.S. dollar) wealth management industry covering funds management,
superannuation, life insurance, trustee companies and financial advice
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The
CEO survey revealed a high level of concern among the industry leaders
that the cost and complexity of regulations are preventing the financial
services sector and the Australian economic growth.
In
the report, CEOs of the Australian financial services industry have
called for reducing regulation, comprehensive tax reform and more
workplace flexibility.
"Policies
that impact the productivity of the financial services sector deliver
few positive outcomes for consumers," FSC Chief Executive John Brogden
said in a statement.Crushing equipment "Our
CEOs believe the latest round of changes have taken the workplace
relations agenda back 20 or 30 years and will do nothing to drive real
productivity.The Vertical shaft impact crusher belongs to the second-stage crushing machine. Among second-stage crushers, impact crusher's price is relatively cheap."
The
Australian financial services industry employs 430,000 Australians,
contributing 10.6 percent of the country's gross domestic product (GDP).
Brogden
said for lifting the Australian economic growth rate, the government
must reduce the stranglehold of regulation, introduce more flexibility
into workplace relations and make our tax system more competitive.
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