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Administer the Financial Claims Scheme

The Financial Claims Scheme (FCS) is an Australian Government initiative that protects depositors of authorised deposit-taking institutions (banks, building societies and credit untions) and policyholders of general insurance companies from potential loss due to the failure of these institutions. If the FCS is activated by the Australian Government, APRA will be responsible for administering it.

Find out more about the Financial Claims Scheme.

Prudential framework


Prudential and Reporting standards

Prudential Standard APS 910 Financial Claims Scheme and related documents, including a reporting standard and approved forms for payments and reports are available under standards and guidance for authorised deposit taking institutions. Locally incorporated authorised deposit-taking institutions can email for RBA FCS specifications for file format. 

Information paper and technical information

In 2013 APRA  issued an information paper on the Financial Claims Scheme for authorised deposit-taking institutions. APRA also provides answers to technical frequently asked questions for authorised deposit-taking institutions.

APRA has issued the following letters and consultation packages related to the Financial Claims Scheme.

Consultation December 2017 - FInancial Claims Scheme data collection

Consultation August 2013 - Financial Claims Scheme for authorised deposit-taking institutions