Depositor Compensation Scheme funding approach

Statement of Funding Approach for the Depositor Compensation Scheme 2024

Formats and related files

At least every five years, the Minister of Finance (Minister) must publish a Statement of Funding Approach (SoFA) for the Depositor Compensation Scheme (DCS), as required by the Deposit Takers Act 2023. The SoFA outlines the estimated costs of the DCS for the ensuing five years and details the funding strategy for these costs to support the objectives of the DCS. This first SoFA covers the five-year period from 2024 to 2029.

Additional background information about the DCS and SoFA is here: Depositor Compensation Scheme and the Treasury’s role