Financial Claims Scheme

GPTKB entity

Statements (27)
Predicate Object
gptkbp:instanceOf government guarantee scheme
gptkbp:administeredBy gptkb:Australian_Prudential_Regulation_Authority
gptkbp:alsoKnownAs gptkb:FCS
gptkbp:appliesTo bank failures
building society failures
credit union failures
general insurer failures
gptkbp:country gptkb:Australia
gptkbp:covers authorised deposit-taking institutions
general insurers
gptkbp:established 2008
gptkbp:fundedBy gptkb:Government_of_India
https://www.w3.org/2000/01/rdf-schema#label Financial Claims Scheme
gptkbp:legalBasis gptkb:Banking_Act_1959
gptkb:Life_Insurance_Act_1995
Insurance Act 1973
gptkbp:maximumPayoutPerDepositorPerADI $250,000
gptkbp:notCovered managed funds
investment products
shares
superannuation funds
debentures
foreign bank branches
gptkbp:purpose protect depositors and policyholders
gptkbp:website https://www.fcs.gov.au/
gptkbp:bfsParent gptkb:Australian_credit_union_sector
gptkbp:bfsLayer 8