All4:
CEC have the Banking System Reform Bill 2018 on their website as submitted on the 25th June by Bob Katter. I have a copy in front of me now. I posted this some time ago and I only got around 6 views at the time. The banks are trying to use the wriggle out of being able to change their terms and conditions without notifying their clients save for a public notice in the newspaper. They will then request APRA to impose bail-in on their depositors funds without clearly identifying whether deposits are classified as financial instruments or not. The APRA crisis resolution bill was passed on the 14th February in the early hours of the morning with only seven of the 76 house senators present.....something smells here.....very little press coverage....nothing in mainstream news. One thing for sure is if the system is so sound why do you need bail-in,,,,,answer is because there is a mountain of debt that the banks know is going to collapse sometime in the future.
