News

Deposit guarantee put to the test

Monday 2nd of March 2009

Mascot Finance will be the first company to test the scheme since its inception in October last year, after the company was placed into liquidation today, owing $70 million to 2,558 investors.

All eligible Mascot investors will get 100% of the money they are entitled to under the crown’s scheme, Treasury secretary John Whitehead says.

"The deposit guarantee scheme was put in place to...
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