PHOTO: It will be the first time the budget is in surplus in 6 years
WA Treasurer Ben Wyatt has taken the unprecedented step of complaining directly to the nation’s banking regulator that its “one-size-fits-all” approach is cruelling the Perth property market and the wider economy.
The West Australian can reveal that Mr Wyatt has written to the head of the Australian Prudential Regulation Authority, Wayne Byres, demanding it overhaul the rules it has imposed on commercial banks aimed at winding back lending to investors.
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