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<blockquote data-quote="Ded Driver" data-source="post: 567808" data-attributes="member: 12692"><p>Some of these economist's are simply paranoid scaremongers.</p><p>Australias economy isnt likely to suffer total collapse anytime soon.</p><p>Also in that quoted text from the Banking Act is this;</p><p>Historically, several of these provisions were legally active up until 30 January 1976 whereupon the then Federal Treasurer, the Honourable Philip Lynch announced that the Governor-General (i.e. His Excellency the Administrator in Council) suspended Part IV of the Banking Act[1].</p></blockquote><p></p>
[QUOTE="Ded Driver, post: 567808, member: 12692"] Some of these economist's are simply paranoid scaremongers. Australias economy isnt likely to suffer total collapse anytime soon. Also in that quoted text from the Banking Act is this; Historically, several of these provisions were legally active up until 30 January 1976 whereupon the then Federal Treasurer, the Honourable Philip Lynch announced that the Governor-General (i.e. His Excellency the Administrator in Council) suspended Part IV of the Banking Act[1]. [/QUOTE]
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