Claim: The government can take any deposits in excess of $250,000 from your bank account and instead you can receive shares in the bank.
Fact-check: Claim that government can grab bank deposits in a crisis has no currency
Verdict: false. the claim is based on opinions that have been investigated by a parliamentary committee and found to be unsupported.
Organisation: Australian Associated Press
Author: David Williams
Date published: 2022-03-07T00:00:00