Australian Treasurer calls on regulatory agencies to pursue growth.

Australian Treasurer Jim Chalmers is urging key regulatory agencies to take a supportive stance on growth in order to help the country's economy break out of its deep productivity slump. Chalmers stated that the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission have been instructed to "pay more attention to promoting growth" in order to "unlock more productivity." He added that this approach will strike an appropriate balance between reducing regulatory burdens and promoting financial system stability.