Some years ago there was a bit of discussion and legislation changes. I think it was john Adams, can't quite remember. Also Robbie barwick I think. Something along the lines of bail in laws, protection for upto $250k per institution, this actually meant that say you had saint gorge and westpak over 250k they legally are the same institution, so check who owns what before you decide how you distribute your funds. Also the particular wording used in regards to the activation of said protections could actually allow for the first institution to bail in before any funds become protected. It was a while ago so not fresh in my mind. But as usual very complicated and ultimately the banks will feel the least pain and the consumers the most.
