For the purposes of the Financial Claims Scheme a depositor includes individuals (including Sole Traders), companies, trusts (including superannuation funds), registered cooperatives and partnerships. The Financial Claims Scheme applies a guarantee of up to $250,000 for each type of depositor at each institution, so for example, if you hold funds with IMB in your own name as an individual and other funds as trustee of a trust, your personal funds will be guaranteed up to $250,000 and the trust will be entitled to its own separate guarantee of up to $250,000 as the trust is a separate type of depositor.
