The Council of Australian Governments met in Perth today. It was the first meeting since the election of the Rudd Government which included a Liberal Premier, Colin Barnett, from Western Australia.
A statement issued after the meeting said: “COAG agreed that the present unprecedented upheaval in global financial markets and renewed international scrutiny of their regulation underlines the importance of pressing forward with the COAG reform agenda to enhance the productive capacity and flexibility of the Australian economy. Building on its agreement in July 2008, COAG endorsed an implementation plan to strengthen the Australian financial services and credit regulation framework.”
