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Conservaive or not 9% is added to every Payg employees Superfund each year. Already there has been an enquiry over fees.

The govt would look stupid imposing a transaction tax when it's trying to bring down fees.

Currency trading is unregulated except for futures. Already some FX platforms have moved to Australia to escape certain capital requirements.

The US thinks it's número uno in financial centres but London still runs the show.

Once China gets it act together with financial compliance expect it to muscle in.


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