Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding
On 12 October 2008, the Australian Government announced guarantee arrangements for deposits and wholesale funding of eligible authorised deposit-taking institutions (ADIs).
The Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding (the Guarantee Scheme). Under the Guarantee Scheme, eligible ADIs can obtain guarantees for deposit balances totalling over $1 million per customer and for wholesale funding liabilities. Access to the Guarantee Scheme is voluntary. .
Eligible institutions wanting to access the guarantee for their large deposit balances or wholesale funding from 28 November 2008 need to apply to the Scheme Administrator. Information on the guarantee is set out in the Deed of Guarantee. Information for institutions on eligibility, how to apply and reporting arrangements is in the Scheme Rules, Application Documentation and Reporting Requirements.
Organisation
Australian Government
Phone Details
Phone: 1800 013 806
Website
Australian Government Guarantee Scheme
Print
This page last updated:
23 March, 2009
