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RBA Glossary definition for deregulation

deregulation – The progressive removal of controls on entry and operations, intended to enhance competition, and raise the productivity of the major entities in the industry concerned.

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Financial Stability Review - March 2010

25 Mar 2010 FSR - March 2010 PDF 822KB
https://www.rba.gov.au/publications/fsr/2010/mar/pdf/0310.pdf