I didn’t have the luxury of mulling silly questions. As the eldest daughter of immigrant parents who passed the Australian government’s rigorous tests with flying colours, only to find their qualifications deemed unworthy, I had one option: to work harder than everyone else.
And just like that #orwellianemail from @CommBank, my bank @ANZ_AU just notified me they’re changing their rules too - giving them more power over my account.
Now looking for a new home.
Who are your top picks?
The Commonwealth Bank has threatened to cancel and close the accounts of a leading Australian businessman because he wouldn’t explain to them where his money came from and why he had sums of cash.
The CBA has sent the warning in writing to Louis Christopher, who runs leading investment research company SQM, ironically an organisation regularly quoted by the finance industry on trends in the real estate market.
Mr Christopher has described the bank’s extraordinary threat:
“Just out of the blue, the bank sent me the enclosed email and demanded to know:
1) How I have built up my wealth?
2) Why have I made cash withdrawals?
3) If I am holding cash at home, why?
4) Why did I make certain transactions to third parties.
“I called the bank and it was true. They were going to suspend all my accounts this week if I didn’t tell them the answers to the above questions. Said Austrac gave them the authority to do that.”
AUSTRAC is the government’s financial investigation and intelligence arm.
He’s described the ordeal as extraordinary.
“What I have just gone through this morning with CBA is disgusting. Absolute despicable, Orwellian stuff. Driven by Austrac”.
The Federal government has empowered banks to start questioning customers on what they are doing with cash and where sums deposited come from.
Mr Christopher said, “soon, you will be restricted on what you can and cannot spend. ‘That's too much money being spent on your next holiday, sir’."
Went swimming the other day at the local pool. Lots of little kiddies swimming. Lots of Unidentified Floating Objects. I swallowed a bit of pool water…
We're preparing to assist @nswpolice in the search for 22 missing swans, last seen wearing red and white at around 2:30pm in the Melbourne area 🦢 #AFLCatsSwans
My account was hacked 2 days ago. I got it back in 24 hours after acting swiftly on @Twitter’s automated security alert. If I’d received the same alerts from @PayPal, I wouldn’t be acting pronto. In fact, it’s straight to the bin. You?
Hello Linked,
If you're a community manager/leader of a membership organisation on the lookout for partners + great member benefits or a HR leader looking for employee perks, slide into my DMs to get special discounts/perks on a new set of wheels.
My period came the night before I competed at the Australian Dancesport Championships back in 2012. My legs had no power - they felt like jelly and I just ran out of fuel fast. No excuses though. It’s just something you deal with as a woman.
Lydia Ko explaining that her mid-round physical therapy was because it’s “that time of the month.”
“I know you’re at a loss for words Jerry. Honesty it is!”
One only need to look to famous introverts like Steve Wozniak, Steven Spielberg, J.K. Rowling, Eleanour Roosevelt, Rosa Parks, Gandhi and many others to realise that a person’s substance comes from a deeper sense of calm, quiet and authenticity, not decibels. #introvert
The biggest challenge one might face when moving from an individual contributor to a people leader role is learning how to shift gears from building great stuff to building great teams. #peopleleader#leadershiplessons https://t.co/cn7WmUI770