When he became prime minister last month, Malcolm Turnbull pledged to lead a "thoroughly liberal government, committed to freedom, the individual and the market". For the record, I support him. However, does the role and impact of APRA accord with principles of the government? APRA oversees a banking and insurance industry that controls around $5 trillion of funds. Following their extraordinary measures across all our major lenders that has increased rates and diminished loan affordability [...]
