2030???
He's being conservative!!!
Joe Hockey as Shadow Treasurer was talking this way back in 2011 or 2012 but didn't quite have the justification for reform.
Further, there is a draft Exposure Bill implementing a Royal Commission recommendation for a regulator to regulate the regulators.
When a Royal Commission and the Government identify the regulators aren't up for it and have to have another regulator to make sure that they do then there are problems. Further, can anybody really imagine that APRA and ASIC are going to play nicely together????
More likely, after the initial "love in" they'll be after each others turf.
Then we have to add onto APRA, ASIC, and their proposed regulator, FRAA, the TPB, FASEA, and the ATO. I'm sure there are others and imagine all the "Sir Humphrey's" fighting to preserve and expand their empires!!!!
Bound for disaster and we know have the justification for change.