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November 23, 2008

The Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding

Scheme legal documentation and application procedures for the guarantee of large deposits and wholesale funding are now available on the guarantee scheme website

ADI's who wish to offer a government guarantee for deposits over $1million from 28 November 2008 must apply and be approved by the Scheme Administrator.

The government guarantee which will apply from 28 November is here.

The site will list approved institutions and guaranteed liabilities here.

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Posted 23rd November 2008 by David Jacobson in Financial Services