For instance, the international margining regime for non-centrally cleared derivatives is not due to come into force until next September; APRA is leading domestic work on the local implementation of that regime. At the same time, ASIC has been working on a framework for assessing the case for mandatory platform trading.
We cannot promise ex ante that interest rates will be reduced if budgetary authorities promise to reduce fiscal deficits. The main problem is not even that promises and outcomes may differ, which unfortunately they sometimes do.