Australian Government Guarantee Scheme For Deposits And Wholesale Funding.

Extract


Australian Government Guarantee Scheme For Deposits And Wholesale Funding.

Background

In response to considerable turbulence in international financial markets and other governments introducing similar schemes the Australian Commonwealth Government ("Government") introduced a scheme on 12 October 2008 to guarantee certain deposits and wholesale funding of eligible authorised deposit taking institutions ("ADI").

ADI's include Australian owned ...

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