APRA is pushing ahead with plans to impose a 12-year term limit for financial services board members, despite strong opposition from unions and super funds.

APRA is pushing ahead with plans to impose a 12-year term limit for financial services board members, despite strong opposition from unions and super funds.

Vested interests such as the unions can tie themselves up in all the rhetorical knots they want, but APRA’s decision for 12-year director terms is common sense.