Assume that you are working in the front ofce of TTR Bank. which is a banking institution incorporated in Australia and authorised by APRA. Ms. Maki Mason and Ms. Tulip Tan would like to discuss with you the possible deposit options they might have at your bank. They are very concerned about the protection of their deposits in the event of possible bankruptcy of TTR Bank. Please explain to them in detail what protections they have and how much amount for each of them will be covered under the Financial Claims Scheme (FCS), if Maki and Tulip want to keep AUD 400,000 in a joint account and Tulip additionally wants to maintain AUD 60,000 in only her own name in a separate account. Maki and Tulip also ask you what will happen in the case that any parts of their deposits are not covered under the F03. Please respond in detail. [4 marks]