The West Australian has a story on plans to fling units of Treasury across the country in the hope that proximity to a board room (presumably while a meeting is being held in it) will bring them better knowledge of the “real world”.
With the purpose of having regulators shoulder-to-shoulder with the regulated, much of Treasury’s Markets Group division will be shifted to Sydney.
This group employs about 200 and is in charge of developing rules for the financial and investment sectors, foreign investment and superannuation industry. It also drives competition policy.
With more to follow apparently.