Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697646083962.pdf (Australia)
25/6/2020 Response to Inquiry Banking Amendment (Deposits) Bill 2020 Dear Committee Members, "Bail-in"-converting bonds and deposits into shares or writing them off will enormously damage individual savers, businesses, charities, superannuation funds and all other enterprises which will lose their funds; The government denies deposits can be bailed in, but admits the law is from the Financial Stability Board (FSB), which applies bail-in to bank depositors; The FSB and International Monetary Fund are directing Australia to implement stronger bail-in laws like those in New Zealand, the EU and the USA, which all apply to deposits; To stop this planned theft, I demand Parliament pass the amendment to guarantee our savings in bank deposits can't be confiscated through a bail-in.
Amend the 2018 law to explicitly exclude deposits; Block the stronger bail-in legislation the government is planning; 1.

2.

3.

Rescind APRA's crisis resolution powers and pass instead the Separation of Banks Bill 2019 to protect deposits from speculation.

Thank you .

Banking Amendment (Deposits) Bill 2020Submission 15