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Although Aiden thinks the CEC is a group of conspiracy nutters, but gives no real reason for holding that opinion, there is a discussion given by two representatives of that organisation on youtube here -

https://www.youtube.com/watch?v=9SNoc4cW-sU

I don't presume to make any comment except to say that while they may be biased in their opinions, they at least give some evidence of what officials have said in relation to bail ins and what steps other countries have taken. It does appear that definite legislation has to be passed here before it can be made legal, but even then there is doubt, because there is some suggestion that banks here don't need it, as we are actually lenders to the bank when depositing and the risk remains with us.

As I said before, further research is necessary.

Snake said:
there is some suggestion that banks here don't need to have legislation.

I have not heard that suggested previously.
If that is true then why did Wayne Swan sign up for it ?
Might be that if Australia signed up the bank directors could avoid
any responsibility. It was the law you know !
From what I read the Financial Stability Board decides on the amount
that they need to skim off.
I don't think the banks have any say in it.

I know that many find it impossible to believe that Australian banks
could get into such dire straits.
I am reminded of what my father-in-law told me that during the
depression he lost access to his money. He could not get any of his
money out of the bank. He did not say how long that went on.
He did not say if he lost any money.

If/when it hits the fan it would be a very foolish person who would
say that Australian banks could not be seriously affected.
Australian banks have very high housing loan levels.

I doubt if anyone knows how the banks risks are distributed.

I've been trawling through the internet looking for evidence that actually says incontrovertibly, that bail-ins will be applied in Australia should there be a failure of any banks here. There are many suggestions that there might be, but the only thing I am sure of is that no one is sure.

Snake;
I just watched that video to which you referred.
I think Aiden's comment on the CEC is misplaced.
What they said complemented what I had read elsewhere.
I had never heard of CEC previously and as they showed the documents
etc it should be easy for Aiden to go and look them up and show us
where it is all conspiracy based.
I am sure the banks will agree with him.

I was interested to hear the bit about the Bail-in-able bonds that
the banks are selling at higher interest rates. The speakers raised
the question as to whether the Super funds are buying them.
If so I think it would be reasonable for contributers to ask their
fund that question.
An additional question is if the FSB does not get enough from the
Bail-in-able bonds do they then go after the rest ?
Another question I have tried to get an answer to is are credit unions Bail-in-able ?

It is alright for some to poo poo the whole subject but this is real
serious stuff. We all have interest in this.

It may be safe if MPs say they are thinking about Bail-in. It will become dangerous when election promises are made against it.