Government Guarantee

The Financial Claims Scheme (FCS) for Authorised Deposit Taking Institutions (ADI’s) is the Australian Government’s guarantee on deposits and is administered by the Australian Prudential Regulation Authority (APRA).

The FCS protects depositors by guaranteeing deposits (up to the cap) held in ADI’s incorporated in Australia and allows quick access to deposits if an ADI becomes insolvent.

A permanent guarantee cap of $250,000 has been in place since 1 February 2012.

The cap applies per account holder, per ADI.

The Government Guarantee applies to deposits held by all types of legal entities, including individual and joint accounts, partnerships, businesses, trusts and government entities.

Depositors with more than the $250,000 cap can place their funds with more than one eligible ADI in order to guarantee their total deposit amount.

The Term Deposit Shop will assist clients to do this in order to maximise their return.

If you would like to discuss your options further please phone us on FREE CALL 1300 837 467 or email

Financial Claims Scheme

(Government Guarantee) Q&A issued by APRA


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