Australian Money Forum

[SHADOW]

CAN ANYONE TELL ME, WITH REGARDS TO THE ANNOUNCEMENT THAT ALL "AUSTRALIAN BANK DEPOSITS" WILL BE
GUARANTEED "SAFE" BY THE GOVERNMENT. THE TERM "AUST. BANKS" DOES THAT INCLUDE MY BANK, WHICH IS,
ING DIRECT. I KNOW THE PARENT BANK IS DUTCH OWNED. BUT WILL MY SAVINGS BE GUARANTEED.

[Miller]

They are talking about all deposits. However, I think it's not enacted yet...


http://www.abc.net.au/news/stories/2008/10/12/2388681.htm :

The Australian Government will guarantee all deposits whatever their size in all Australian financial institutions for three years

http://www.abc.net.au/news/stories/2008/10/12/2388757.htm :

Prime Minister Kevin Rudd has announced that the Government will guarantee all deposits in banks, building societies, credit unions or Australian subsidiaries of foreign banks.

http://business.theage.com.au/business/bank-deposits-guaranteed-for-3-years-20081012-4z07.html :

Bank deposits guaranteed for 3 years