Related Research Articles
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were touted as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation.
FMA may refer to:
A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
The Treasurer of Australia is a high ranking official and senior minister of the Crown in the Government of Australia who is the head of the Ministry of the Treasury which is responsible for government expenditure and for collecting revenue. The Treasurer plays a key role in the economic policy of the government. The current Australian Treasurer is Jim Chalmers whose term began on 23 May 2022.
The Royal Australian Mint is the sole producer of all of Australia's circulating coins. The Mint is situated in the Australian federal capital city of Canberra, in Denison St, in the suburb of Deakin. The Mint was opened in 1965 and is a very popular tourist destination for visitors and locals.
ANZ Bank New Zealand Limited is a New Zealand banking and financial services company, which operates as a subsidiary of Australia and New Zealand Banking Group Limited of Australia. ANZ is one of New Zealand's big four banks, and is the largest bank in New Zealand with approximately 30% of market share as of March 2021.
The Minister for Finance in the Government of Australia is responsible for monitoring government expenditure and financial management. The current minister is Senator Katy Gallagher who has held the position since May 2022.
The Australian Department of the Environment was a department of the Government of Australia that existed between September 2013 and July 2016. The department was charged with responsibility for developing and implementing national policy, programs and legislation to protect and conserve Australia's environment and heritage.
The Australian Government Information Management Office (AGIMO) was a branch of the Australian Government. It was established on 8 April 2004, taking over some of the functions of the former National Office for the Information Economy (NOIE).
The Department of Finance is a department of the Government of Australia that is charged with the responsibility of assisting the government across a wide range of policy areas to ensure its outcomes are met, particularly with regard to expenditure, financial management, and the operations of government.
The financial management advisor (FMA) is a professional designation of the Canadian Securities Institute (CSI), the official educator of the Canadian securities industry. The FMA is a personal financial planning designation which is usually a precursor to the certified financial planner (CFP) designation. There are over three thousand FMA holders in Canada. The FMA designation is not recognized in the province of Quebec.
The Australian Public Service (APS) is the federal civil service of the Commonwealth of Australia responsible for the public administration, public policy, and public services of the departments and executive and statutory agencies of the Government of Australia. The Australian Public Service was established at the Federation of Australia in 1901 as the Commonwealth Public Service and modelled on the Westminster system and United Kingdom's Civil Service. The establishment and operation of the Australian Public Service is governed by the Public Service Act 1999 of the Parliament of Australia as an "apolitical public service that is efficient and effective in serving the Government, the Parliament and the Australian public". The conduct of Australian public servants is also governed by a Code of Conduct and guided by the APS Values set by the Australian Public Service Commission.
A statutory body or statutory authority is a body set up by law (statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being empowered or delegated to set rules in their field. They are typically found in countries which are governed by a British style of parliamentary democracy such as the United Kingdom and the Commonwealth countries like Australia, Canada, India and New Zealand. They are also found in Israel and elsewhere. Statutory authorities may also be statutory corporations, if created as a body corporate.
The Financial Markets Authority (FMA) is the New Zealand government agency responsible for financial regulation. It is responsible for regulating all financial market participants, exchanges and the setting and enforcing of financial regulations.
The Department of Infrastructure and Transport was an Australian government department. It was formed in September 2010, following the federal election in August 2010. The department absorbing parts of the Department of Infrastructure, Transport, Regional Development and Local Government. Regional development and local government functions were sent to the Department of Regional Australia, Regional Development and Local Government. Following the 2013 federal election, the department was renamed on 18 September 2013 to become the Department of Infrastructure and Regional Development, regaining regional development and local government functions.
The Australian Department of Finance and Deregulation was a Federal Government department that existed between December 2007 and September 2013. Its role was to help the Australian Government achieve its policy objectives by contributing to four key outcomes:
- sustainable Government finances;
- more efficient Government operations;
- efficiently functioning Parliament; and
- effective and efficient use of information and communication technology by the Australian Government.
Hanover Finance was a New Zealand non-bank finance company that focused on lending for high-risk property development that failed in 2010 under the leadership of Mark Hotchin. At the time of its failure it was the largest finance company in New Zealand. The Hanover Group also had interests in property and was responsible for developing Matarangi Beach Estates and golf course, and acquired completed lots at the Jacks Point property sub-division in Queenstown. The Group also had property and finance interests in Australia.
Between May 2006 and the end of 2012 there were sixty-seven finance company collapses in New Zealand; including companies entering into liquidation, receivership or moratoria. An inquiry by the New Zealand Parliament estimated losses at over $3 billion that affected between 150,000 and 200,000 depositors. The most high-profile collapses were South Canterbury Finance, Hanover Finance and Bridgecorp Holdings. The collapse radically reduced the size and importance of the non-bank finance sector in New Zealand. According to the Reserve Bank, at the height of financial expansion prior to the 2007 crisis, non-bank lenders had assets of about $25 billion and made up 8 percent of lending by financial institutions. By late 2013 the size of the finance sector was half its previous size and accounted for only 3 percent of institutional lending. In the years following the beginning of the collapses, sweeping legislative and regulatory changes were made, aimed at improving oversight and regulation of the finance industry.
Williams v Commonwealth of Australia [2014] HCA 23 judgment of the High Court. It is related to executive prerogative and spending in relation to the Australian Government's National School Chaplaincy Programme.
The Department of Infrastructure and Regional Development was an Australian Government department that existed between September 2013 and December 2017. Matters dealt with by the department included: infrastructure planning and coordination; transport safety; land transport; civil aviation and airports; maritime transport including shipping; administration of Australian territories; constitutional development of the Northern Territory and the Australian Capital Territory; regional programs; regional development; local government matters; and regional policy.
References
- Comlaw page
- Australian Government >> Department of Finance and Deregulation >> Financial Framework >> FMA Legislation >> FMA Act