Bit more;
Wayne Swan was never one to keep anything quiet that he thought would
make good brownie points, so instead of him shouting;
"I am the world's geatest treasurer and look what I have now brought you;

Cue trumpet salute.

The Bail In Treaty !"

Nope Dead silence.

Seriously though, it does mean thet everyone would treated the same
as other depositors, unless like last time the Russians got wind of it
and pulled their money out first, so it being formalised may be better.

Bazz, I repeat: Australia has not signed any treaty which jeopardises the security of bank deposits in the event of a bank collapse.

Investors in Cyprus had nothing to worry about from any sort of bail in treaty. What they had to worry about was that their government was too broke to guarantee deposits, and the ECB was unwilling to provide the finance to do so.