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John Adams Profile picture
John Adams
@adamseconomics
Australian Political & Economic Commentator
Aug 24, 2020 • 5 tweets • 1 min read
🚨 BREAKING 🚨

Late yesterday afternoon, the Senate Economics Legislation Committee released its report on the Banking Amendment (Deposits) Bill 2020!

This proposed legislation would prevent the FORCED CONFISCATION of retail bank deposits!

However, the committee REJECTED.. the legislation calling it UNNECESSARY!

The Committee allowed the Treasury & APRA to make a series of partial misleading statements without the chance for CROSS EXAMINATION via a holding a public hearing or allowing supplementary submissions.

This was a COMPLETE WHITEWASH!