On the emergent 'Australian regulators are pain' meme, I actually emailed one of the bodies and requested documents regarding the decision not to adopt IIBAN, a useful and intelligent account identification scheme now used throughout Europe, Israel, and a growing list of other countries, within Australia. Their reply was essentially 'it happened in some meeting', followed by 'ignore' when I pushed for further information.

I suspect the real reason the status quo was protected was something to do with a brilliant track record of globally high fees and unending profits for Australian banks.

Hopefully the Wikileaks Party can put the fear of transparency in to these people!