Government Guarantee

On 12 October 2008 the Australian Prime Minister announced deposits in all APRA regulated Authorised Deposit-taking Institutions (ADIs) would be guaranteed by the Australian Government. Subsequent to the announcement, the guarantee was capped at $1,000,000 per investor. This was effective from 28 November 2008.

Government Announces Withdrawal of Large Deposit and Wholesale Funding Guarantee

The Government has announced the withdrawal of its guarantee for large deposits and wholesale funding from 31 March 2010.

Deposits up to $1 million with ADIs will continue to be protected by Government Guarantee until at least October 2011.
To learn more dowload this factsheet.