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Cake day: June 11th, 2023

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  • zero_gravitas@aussie.zonetoBrisbane@aussie.zoneBanking as an expat
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    4 months ago

    The linked page says several times “for each account holder”. But that doesn’t mean a joint account gets double the guarantee, does it?

    That is what it means, yes. Or, stated differently, an equal split of a joint account’s balance is counted towards each of the joint holders’ deposit guarantee limit.

    See here: https://www.apra.gov.au/frequently-asked-questions-about-banking-and-financial-claims-scheme

    Case study

    Alex and Peter have a number of accounts with their credit union:

    • $300,000 in a joint account
    • $50,000 in a separate account in only Alex’s name.

    The FCS protects a total amount of deposits up to $250,000 for each account holder for each bank, building society and credit union. Therefore, Peter is covered under the FCS for $150,000 (half the joint account) while Alex is covered for $200,000 (being the sum of $150,000 from the joint account in addition to the $50,000 from his individual account).









  • Some banks also limit how much money they’ll guarantee; so if your accounts might go over $249k you should make sure your chosen bank is good with that.

    My understanding is that the deposit guarantee is $250k across the board, because it’s a federal government measure.

    Simply:

    Under the FCS, deposits are protected up to $250,000 for each account holder at each licenced bank, building society or credit union incorporated in Australia.

    Source: https://www.apra.gov.au/deposit-checker-are-your-deposits-protected

    So if you have much more than $250k in cash, you ought to spread it over multiple banks. But pretty much all banks (you can check this list) are guaranteed for ‘normal’ cash accounts (transaction, savings, term deposit), and they’re all to the same $250k limit.


  • zero_gravitas@aussie.zonetoMeta@aussie.zoneGo Private?
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    4 months ago

    As others have mentioned, there’d seem to be hard downsides:

    • Can’t send direct links to people who don’t have an account
    • Harder for people to ‘discover’ the instance or check it out, which would surely reduce people signing up to the instance and participating in our community into the future

    So I’d be against it unless there’s really strong reasons for it. I haven’t really experienced bad server-load issues.

    There’s conceivably a middle-ground where the instance becomes logged-in-only automatically under high load. That’d no doubt be a considerable extra work, but just throwing it out there as an idea. I still don’t think even that’s necessarily a great idea, because again, if the traffic is people showing interest in the instance, that’s a good thing in the long term. It’d be better than setting it to logged-in-only all the time, though.

    I think logged-in-only should be pretty much a last resort for addressing performance issues, and all other possibilities should be considered first, including spending more money.








  • The labels in the middle of the sides are confusing, but if you focus on the labels with the arrows at the corners you’ll see the x-axis is economic, and the y-axis is social:

    ‘Left’ points left

    ‘Right’ points right

    ‘Progressive’ points up

    ‘Conservative’ points down

    (though not sure why you’d flip it rather than just using the Political Compass as it is).

    Yeah, I guess ‘Progressive’ and ‘Conservative’ aren’t exactly ‘Libertarian’ and ‘Authoritarian’ on the usual compass.





  • Is there any resource out there that can show me where the preferences get fed to, so I can make an informed choice.

    You choose your own preferences.

    On the House of Representative ballot, this has always been the case. You must number all the boxes.

    On the Senate ballot it used to be the case that if you voted ‘above the line’, you could only vote ‘1’, and nothing more, and the parties decided the preference flow. That is not the case anymore. Now, the Senate ballot has partially-optional preferencing ‘above the line’. You must number at least 6 boxes if you vote above the line, but you can number all the boxes above the line if you choose. I would encourage numbering as many preferences as you can with the knowledge you have. (You can also number below the line if you want to pick your own ordering of the candidates for each party/group.)

    See: https://www.aec.gov.au/Voting/How_to_Vote/Voting_Senate.htm

    Or: https://www.chickennation.com/voting/senate/ (and the one about House of Representatives voting: https://www.chickennation.com/voting/).

    I’m happy to answer any further questions if you have them, don’t hesitate to ask 🙂



  • Putting aside the two errors in that one sentence (well done, Herald)

    Yeah, when you lay off all the sub-editors, these things will happen.

    Wasn’t that an issue with the trains in Sydney a few months ago? That they wanted to turn off payment but weren’t allowed, and so had to call in sick en mass instead?

    That was because the state government secured an order from the Fair Work Commission to stop all industrial action until July. There’s no problem relating to turning off payment specifically, and I think it had little to do with why the government asked for the order, or why Fair Work granted it. It was the ‘disruption to the public’, which turning off payment doesn’t cause (quite the opposite).