So I am unable to make term deposits in Australia because I have a NZ address and the bank (WBC) tell me its due to a NZ law change which means they cant disclaim effectively because I am not there.
Sounds suspiciouly like Aussies dumping poo on NZers again.

Anyone here have recently opened Term Deposits in Australia recently - yes I know you're lucky to get 1% but it would be good to get something.
I noted they were quite happy to have a six figure sum sitting in a cash account earning nothing.

Thanks for your help. I really do want to start investing in Australia but tbh I am finding paperwork hurdles quite challenging and may give up if I dont make a breakthrough soon. I have a portfolio approach so need to have some funds in fixed interest options -