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b. In a response to the COVID-19 pandemic, The APRA introduced (and subsequently reverted) the restriction on dividend payouts for Australian banks. Discuss the rationale

b. In a response to the COVID-19 pandemic, The APRA introduced (and subsequently reverted) the restriction on dividend payouts for Australian banks. Discuss the rationale for the introduction and removal of this restriction. Also assess whether this restriction has been effective in achieving the desired objectives.

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