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The Federal Government Deposit Guarantee

Closure of the Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding

The Australian Government Guarantee for Large Deposits (more than $1 million) Scheme closed to new applications in March 2010.

Existing cover under the Scheme progressively expires (depending on the account type) as follows:

The Government Guarantee Scheme for Large Deposits includes interest accrued on Term Deposits until the maturity date.

For further information, please contact APRA at or on 1300 55 88 49 (if calling from within Australia) or +61 2 9210 3480 (if calling from outside Australia).

Change to the Financial Claims Scheme

The Federal Government’s Financial Claims Scheme provides a guarantee of deposits up to and including $250,000 at no charge – there is no requirement for customers to specifically request the application of this guarantee.

Change to the Financial Claims Scheme
Cancel a previous request to guarantee funds in excess of $1m under the ‘large deposit guarantee’ arrangements


This information is up to date as of 3 February 2012. CBA will update this when further information is made available from APRA.