The Australian government and major-party politicians have one response to concerns that bank deposits could be “bailed in”: don’t worry, you’re protected by the $250,000 Financial Claims Scheme (FCS) deposit guarantee.
Christine Holgate has now moved on from Australia Post, but the government and board must be held accountable, and AusPost must become a people’s bank.
The death-knell of neoliberalism in Australia is sounding louder, with a landmark policy recommendation inserted in the end of a Parliamentary report handed down mid-March.
Prime Minister Scott Morrison and Communications Minister Paul Fletcher used “public expectations” as a cynical political ruse to force out Christine Holgate as CEO of Australia Post over the purchase of Cartier watches.
