Are you a bank or term deposit and are you covered by the government guarantee?

No. TermPlus is not a bank or term deposit with a bank. Therefore we are not covered by the $250k government guarantee however we have built in layers of protection for your income which you can read more here: https://termplus.com.au/is-termplus-safe-and-reliable/

TermPlus provides access to global private credit via a highly diversified, multi-manager, multi-strategy, global private credit portfolio of funds managed by highly rated private credit fund managers (‘Underlying Managers’) which, in turn, invest in loans, primarily to corporate borrowers (the ‘Underlying Assets’).

For more information please refer to What is TermPlus? and the PDS.