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Topic: um (Read 503 times)

newbie
Activity: 8
Merit: 500
um
August 02, 2013, 07:02:17 PM
#2
Was not happy when I first heard the announcement,  but 0.05% of $250,000 is only $125, so it is probably ok if it is used to protect savings from a future GFC.  I hope that regulations are put in place so that the money in this "Future Fund" is not used to fund stupid election promises.
hero member
Activity: 630
Merit: 500
August 01, 2013, 08:38:54 PM
#1
Looks like Australia is planning to go full Cyprus on it's bank depositors:

http://finance.ninemsn.com.au/newsbusiness/aap/8699617/bank-levy-a-revenue-grab-says-coalition

False alarm ('Re-tweeting' without checking the source - someone got me).
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