Financial Strength

The Rock is an Authorised Deposit-taking Institution (ADI) with over 100 staff, with branches and mini-branches in 22 locations across Queensland. Key areas for maintaining our financial strength are Capital Adequacy, Responsible Liquidity and Capital Management and achieving maximum returns on Assets and Equity while limiting Financial Risk.

Responsible management and long-term expertise ensure The Rock continues to maintain its position of strength across these areas. Comprehensive prudential information can be obtained from any Rock branch or mini-branch, or via mystatelimited.com.au.

Government Guaranteed Deposits

The Financial Claims Scheme (FCS) is the Australian Government’s guarantee on deposits and is administered by the Austrian Prudential Regulation Authority (APRA). The FCS guarantees deposits, up to a cap, held in Authorised Deposit-taking Institutions (ADI’s) – this includes Australian banks, building societies and credit unions. It provides protection to depositors up to the limit of the scheme and seeks to provide depositors with timely access to their deposits in the unlikely event of the failure of their ADI.

From 1 February 2012, the FCS guarantees deposits up to a cap of $250,000 per account-holder, per ADI.

The FCS applies to deposits held in The Rock’s transaction, savings and term deposit accounts.

For further information regarding the Government guarantee on deposits please visit the ASIC website.