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In the same respect, we would like to provide our members with some information regarding Heritage and People's Choice Ltd capital adequacy and risk management practices.
Prudential Disclosures
Click on the links below to view a copy of Prudential Information for Heritage and People's Choice Ltd.
FY 2023 - 2024
- Prudential Disclosure Statement March 2024 (PDF, 626KB)
- Prudential Disclosure Statement December 2023 (PDF, 512KB)
- Prudential Disclosure Statement September 2023 (PDF, 512KB)
FY 2022 - 2023
- Prudential Disclosure Statement June 2023 (PDF, 1.05MB)
- Prudential Disclosure Statement March 2023 (PDF, 310KB)
Click on the links below to view a copy of Prudential Information for People's Choice.
FY 2022 - 2023
- Prudential Disclosure Statement September 2022 (PDF, 310KB)
- Prudential Disclosure Statement December 2022 (PDF, 117KB)
FY 2021 - 2022
- Prudential Disclosure Statement June 2022 (PDF, 140KB)
- Prudential Disclosure Statement March 2022 (PDF, 387KB)
- Prudential Disclosure Statement December 2021 (PDF, 129KB)
- Prudential Disclosure Statement September 2021 (PDF, 129KB)
- Tier 2 Capital Disclosure (PDF, 118KB)
FY 2020 - 2021
- Prudential Disclosure Statement June 2021 (PDF, 392KB)
- Prudential Disclosure Statement March 2021 (PDF, 52KB)
- Prudential Disclosure Statement December 2020 (PDF, 408KB)
- Prudential Disclosure Statement September 2020 (PDF, 408KB)
FY 2019 - 2020
- Prudential Disclosure Statement June 2020 (PDF, 777KB)
- Prudential Disclosure Statement March 2020 (PDF, 411KB)
- Prudential Disclosure Statement December 2019 (PDF, 408KB)
- Prudential Disclosure Statement September 2019 (PDF, 22KB)
FY 2018 - 2019
- Prudential Disclosure Statement June 2019 (PDF, 205KB)
- Prudential Disclosure Statement March 2019 (PDF, 22KB)
- Prudential Disclosure Statement December 2018 (PDF, 22KB)
- Prudential Disclosure Statement September 2018 (PDF, 27KB)
FY 2017 - 2018
- Prudential Disclosure Statement June 2018 (PDF, 183KB)
- Prudential Disclosure Statement March 2018 (PDF, 22KB)
- Prudential Disclosure Statement December 2017 (PDF, 27KB)
- Prudential Disclosure Statement September 2017 (PDF, 27KB)
FY 2016 - 2017
- Prudential Disclosure Statement June 2017 (PDF, 173KB)
- Prudential Disclosure Statement March 2017 (PDF, 22KB)
- Prudential Disclosure Statement December 2016 (PDF, 23KB)
- Prudential Disclosure Statement September 2016 (PDF, 22KB)
FY 2015 - 2016
- Prudential Disclosure Statement June 2016 (PDF, 837KB)
- Prudential Disclosure Statement March 2016 (PDF, 23KB)
- Prudential Disclosure Statement December 2015 (PDF, 23KB)
- Prudential Disclosure Statement September 2015 (PDF, 24KB)
FY 2014 - 2015
- Prudential Disclosure Statement June 2015 (PDF, 816KB)
- Prudential Disclosure Statement March 2015 (PDF, 76KB)
- Prudential Disclosure Statement December 2014 (PDF, 597KB)
- Prudential Disclosure Statement September 2014 (PDF, 170KB)
FY 2013 - 2014
- Prudential Disclosure Statement June 2014 (PDF, 597KB)
- Prudential Disclosure Statement March 2014 (PDF, 329KB)
- Prudential Disclosure Statement December 2013 (PDF, 329KB)
- Prudential Disclosure Statement September 2013 (PDF, 188KB)
FY 2012 - 2013
- Prudential Disclosure Statement June 2013 (PDF, 330KB)
- Prudential Disclosure Statement March 2013 (PDF, 90KB)
- Prudential Disclosure Statement December 2012 (PDF, 77KB)
- Prudential Disclosure Statement September 2012 (87KB)
FY 2012
- Prudential Disclosure Statement June 2012 (PDF, 59KB
- Prudential Disclosure Statement March 2012 (PDF, 133KB)
Financial Claims Scheme
What is the Financial Claims Scheme?
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.
Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA). In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.
How is the FCS limit applied?
The FCS limit of $250,000 applies to the sum of an account holder's deposits under the one banking license.
Therefore, all deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licenced banking institution may operate under a different trading name.
