BTW, what happened to the Victorian State Bank? I can't recall any substantial news article over this side for what happened...
In short, it went belly-up, owing the taxpayer squillions of dollars.
In part, IIRC, it was the shoring-up of the failed Pyramid Building Society .. but it owed more to the collapse of its subsidiary, Tricontinental. From memory, Tricon's debts were nearly four times the parent bank's total assets ...
Ah yes .. for details, see a good analysis at http://fsgstudy.treasury.gov.au/content/_download/Davis_Report/rtf/24_Appendix4-2.rtf
Regards
Sadim