"MT said no it should be at least $100k.Rudd then found out that...

"MT said no it should be at least $100k.Rudd then found out that the average bank account is well less than $100k so he inroduced the upgraded version of no limit but only after pressure from the opposition."

pressure from the opposition ? you kidding, right ? It doesn't matter what the opposition says, it does not have the numbers to "pressure" the government.

Try to read properly the government's reasoning for providing the guarantee. It has nothing to do with the oppsition's "pressure".