In response to current global economic conditions the Prime Minister announced on 12 October 2008 a new scheme to guarantee all deposits held in Australian Banks, Building Societies and Credit Unions.

The new scheme ensures that depositors will be guaranteed repayment of their funds in the extremely unlikely event that any banking institution faces stress. There is no cap on the guarantee for at least three years.

The attached document explains how this affects you and the funds you may have invested with the Greater Building Society.