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Product Information Statement - Macquarie

Product Information Statement - Macquarie

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The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA). In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

  Regulations, Australian, Authority, Prudential, Para, Australian prudential regulation authority

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