What Australian newspapers say Thursday, Jan 16

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What Australian newspapers say Thursday, Jan 16

SYDNEY, Jan 16 AAP - The royal commission into the collapse of HIH Insurance couldexamine whether regulators should be liable for failing to protect the public from poorlymanaged companies, The Daily Telegraph says today.

Part of the commission's terms of reference includes examining organisations such asthe Australian Prudential Regulatory Authority (APRA) and recommending improvements, thepaper's editorial says.

Its says the commission has brought to light the complete ineffectiveness of APRA andpossible misconduct of some of its staff.

"... For those who lost their savings, their …