A Random Person’s Random Investments

I haven’t been able to find any definitive word on what protection banks offer to peoples savings in Australia - now it looks like not much:

Link: Is your bank deposit safe? No - but it could be

For a long while I presumed they were, mainly from reading US and UK info on banking, where bank deposits are protected, at least up to $100K in the US, or 35K pounds in the UK. But now it seems clear there is no despit insurance for Australian banks.