that are regulated by APRA. Yet they were excluded from the guarantee, which was extended to authorised deposit-taking institutions regulated by APRA. That was an appalling mistake, an appalling oversight, and funds flowed out of foreign bank branches into those banks covered by the guarantee. Then of course there was hardship caused to depositors in non-guaranteed institutions and funds, as those institutions froze them to maintain the integrity of their funds in case of a run on the funds. The Treasurer told the Australian public, who had their funds frozen, that if they had a problem getting access to their savings they should go to Centrelink. They were his words. He tried to weasel out of them today in question time—