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Australian Government Deposit Guarantee

Posted on February 23, 2010.
Australian Government Deposit GuaranteeWhen the Australian government banking system support package officially take effect?

http://www.watoday.com.au/national/rescue-package-wont-stop-rate-cuts-swan-20081015-514s.html

For more details, see above. The Australian government is apparently passed a law that will guarantee all deposits held with financial institutions to provide protection to consumers.

When this government policy will take effect and that includes credit unions and other banks outside of the 4 major banks?

cheers

July 1, 2009.

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