NZ has not "Deposit Insurance Scheme" -- that cannot help with "Foreign Investment" (non-NZ depositors using NZ banks)

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Max Power - 09 Jul 2008 02:34 GMT

NZ has not "Deposit Insurance Scheme" -- that cannot help with "Foreign
Investment" (non-NZ depositors using NZ banks)
http://ca.youtube.com/watch?v=DukQcnf1hEk

I assume that Australia has such a "Deposit Insurance Scheme", as Canada
does (good for 100k per account).

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David Bennetts - 09 Jul 2008 02:48 GMT

> NZ has not "Deposit Insurance Scheme" -- that cannot help with "Foreign
> Investment" (non-NZ depositors using NZ banks)
> http://ca.youtube.com/watch?v=DukQcnf1hEk
>
> I assume that Australia has such a "Deposit Insurance Scheme", as Canada
> does (good for 100k per account).

It doesn't!

See http://www.news.com.au/business/story/0,23636,23444519-462,00.html

David Bennetts
Australia

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Travel Forum / Destinations / Australia and NZ / July 2008

NZ has not "Deposit Insurance Scheme" -- that cannot help with "Foreign Investment" (non-NZ depositors using NZ banks)