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There was an announcement (No. 2021-10) released on Australia Reserve Bank of Australia website on 4th June 2021, that regulators expect Australian institutions to cease

There was an announcement (No. 2021-10) released on Australia Reserve Bank of Australia website on 4th June 2021, that regulators expect Australian institutions to cease the use of LIBOR in new contracts before the end of 2021, when LIBOR surceases. Please give short answers to the following questions.

3. What are the replacements of LIBOR that is suggested by Australia Reserve Bank of Australia?

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