delete Banks (Shareholdings) Regulations (Amendment)
Regulations that restrict shareholdings in Australian banks, typically imposing limits on foreign ownership and concentration of ownership, and requiring regulatory approval for share acquisitions above certain thresholds.
Infringes on private property rights, imposes compliance costs, distorts capital allocation, deters foreign investment, reduces sector competitiveness, and creates unseen inefficiencies. The purported stability benefits are unproven and can be achieved through less restrictive alternatives.