Hanover Finance says it is trying to find out if it can join the Government's deposit guarantee scheme.
The troubled finance company has not ruled out applying for the scheme which underwrites deposits held in banks, credit unions and finance companies for two years.
Hanover Finance has frozen deposits while it tries to reorganise its debts.
Hanover Group chief executive Bruce Gordon says the company is trying to understand the eligibility of its main arm.
Mr Gordon says its subsidiary, FAI Finance, still has a live prospectus and should be a candidate for a Government guarantee.
Commentators say the guarantee is a boon for the $10 billion finance sector and every company will try to join if it can.
