The answer is yes,Australian banks are generally considered safe. The banking system in Australia is highly regulated by the Australian Prudential Regulation Authority ( #APRA) and the Reserve Bank of Australia ( #RBA), which work to ensure the stability and security of the financial system.
#Australian #banks are required to meet strict capital requirements and undergo regular stress tests to ensure they are able to withstand economic shocks. Additionally, deposits in Australian banks are guaranteed up to $250,000 per account holder per institution under the Australian Government's Financial Claims Scheme ( #FCS).
Overall, while no financial system is completely immune to risk, Australian banks are considered to be among the safest in the world.