Important Notice

On the 13 January 2009 Instant Finance applied to The Treasury for acceptance under the Crown Retail Deposit Guarantee Scheme.

On 21 July 2009, some six months after lodging the application, Instant Finance received notice from Treasury that the application to join the Guarantee Scheme had been declined. No acceptable reasons were given for the decision and further correspondence from Treasury made it quite clear that Treasury "did not intend to enter into debate over the factors the Secretary considered."

In its 38 year history, Instant Finance has never failed to meet its commitments or defaulted on a payment.

Treasury's decision is inequitable and discriminatory, particularly given the list of companies that have already been accepted under the scheme.

Instant Finance is currently researching and seeking legal advice on its ability to appeal the decision.

On 5 August 2009, Instant Finance repaid all its remaining debenture investors in full. The Company will continue to fund its operations from the wholesale funding facilities available to it.

As a consequence of Treasury's decision, it is not commercially viable for Instant Finance to issue non government Guaranteed debenture stock in competition with companies offering investments backed by the Guarantee.