Just before Xmas tried to sneak in legislation called APRA crisis management powers.
This would effectively, give APRA (an independent body that oversees the Banks, and funded by the Banks) the power
in a financial crisis, to cease all deposits in Banks in Australia. These deposits will be then converted into Bank Bonds, which you will be unable to cash in, until the banks decide they are in a good financial position to allow this to happen.
Unfortunately for the Govt. they were found out, and the Bill has now been referred to Senate committee.
If you want to protect your savings, and wealth, contact your Federal M.P. and let them know you are aware fo what the Govt. is up to, and make sure they know we want nothing to do with back door BAIL-IN laws