Much of this year’s Budget was already ‘old news’ by the time the Treasurer stood to address Parliament at 7:30 last night. His speech confirmed many measures which had been selectively leaked to journalists: the small business measures, the Google tax Mk II, the increase to the top of the 32.5% income tax bracket, for...

This paper discusses key regulatory issues and developments emerging from the GFC in relation to three distinct areas - financial market regulation; taxation; and banking and finance. The paper analyses the adequacy and efficacy of Australia's legal infrastructure in these three areas from a comparative perspective.