The New Zealand government eased its guarantee rules for all guaranteed finance companies and non-guaranteed deposits will also henceforth be covered by the guarantee.Finance companies are allowed to borrow via both guaranteed and non-guaranteed deposits but only the guaranteed deposits were covered under the extended guarantee.The government said all debt securities are now eligible for the guarantee including call deposits, term deposits, non-guaranteed deposits, debentures and bonds. The government also relaxed rules around citizenship and tax residency, and said such norms will no longer apply. The criterion for getting repaid is that the depositor is on the register of debt securities at the time of default.The eased norms will also apply for guaranteed finance companies that have failed.The government said the norms have been eased to facilitate quick repayments so the interest burden does not increase on the Crown due to the time taken for assessing, processing and paying thousands of claims.