Australian Government guarantee

Which Firstmac accounts does the guarantee apply to?


The Firstmac deposit products are covered by the Australian Government Guarantee. The Australian Government automatically guarantees deposits which are placed with an Authorised Deposit-taking Institution (ADI), up to the balance of $250,000. Firstmac deposits are issued by Goldfields Money Limited, a registered ADI under the Financial Claims Scheme. The sum of all balances held by you in Firstmac and Goldfields Money deposit accounts are covered by the Australian Government guarantee, up to the balance of $250,000.

For further information on the Financial Claims Scheme (FCS) please visit their website and FAQ’s .

What does the Australian Government guarantee threshold mean for single and joint accounts?

Single Account Holders

Combined balances up to $250,000 per account holder/entity are covered by the Australian Government. For example, if an account holder has a balance of $300,000 the first $250,000 will be guaranteed by the Government.

Joint Account Holders

Balances held in a joint account will be split equally among the individual account holders and combined with any other balances each account holder has with Firstmac and Goldfields Money.

If joint account holders have an aggregate balance of $500,000 with Firstmac and Goldfields Money, the whole balance is covered by the Government guarantee as the ownership of the funds are split equally between each account holder.


High Livez Bond Fund

Did your investment return 5.44% p.a.*

  • Dedicated investment specialist
  • Accepts SMSF & Trust investments
  • Zero entry and exit fees
  • Distributions paid monthly
  • Add and/or withdraw funds monthly

Firstmac Term Deposits are distributed by Firstmac Limited, ABN 59 094 145 963, AFSL No 290600 and issued by BNK Banking Corporation Limited trading as “Goldfields Money” ABN 63 087 651 849, AFSL/Australian Credit License Number 246884.

This information is general information only and does not take into account any person’s situation, financial objectives or needs. Firstmac recommends you read the Term Deposit Product Disclosure Statement in its entirety before making an decision to invest.

Rates are indicative and subject to change without notice.

*Total return for the 9 years to 31 October 2020 and 5.64% p.a. since inception on 29 March 2011. The total return is the trust’s consolidated performance over the period referenced. Past performance is not indicative of future performance and should not be the only factor considered when selecting an investment. Performance is calculated on an initial investment of $10,000 with distributions reinvested. Ongoing fees and expenses have been applied however individual taxes are excluded. This information is general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider obtaining financial advice prior to making an investment decision.

High Livez is issued by Perpetual Trust Services Limited ("Perpetual") ACN 000 142 049 AFSL 236648 as the Responsible Entity of the Trust. The Investment Manager is Firstmac Limited ("Firstmac") ACN 094 145 963 AFSL 290600. Firstmac High Livez and the Product Disclosure Statement (PDS) is available at or by contacting Firstmac on 13 12 20. The information in this document is general information only and does not take into account any person's situation, financial objectives or needs. You should read the PDS in its entirety before making any decision to invest. Perpetual and Firstmac strongly recommend you obtain independent professional financial advice on the risks and suitability of this product. The value of your investment in High Livez could go down as well as up. Past performance is not a reliable indicator of future performance. Restrictions may apply to the amount and timing of withdrawal requests - refer to the PDS for full details.