On the 7th December 2014 the Australian Treasury Department released the “Financial System Report”.
It is a 320 page document that covers many aspects of the Australian financial system and the objective according to the report was to:
“…examine how the financial system could be positioned to best meet Australia’s evolving needs and support Australia’s economic growth. Recommendations will be made that foster an efficient, competitive and flexible financial system, consistent with financial stability, prudence, public confidence and capacity to meet the needs of users.”
The word “Bail in” is used 15 times in the document – but is seems to indicate that the report is not proposing “Bail in” for depositors and reminds the reader that depositors are covered by insurance up to $250,000.
“The Inquiry strongly supports continuing the current Australian framework in which deposits are protected through an explicit guarantee under the FCS, supported by depositor preference. The Inquiry specifically does not recommend the bail-in of deposits” Page 146
You can download the report here: http://fsi.gov.au/files/2014/12/FSI_Final_Report_Consolidated20141210.pdf