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Financial institutions in Australia are only permitted to accept deposits from the public if they are authorised deposit-taking institutions (ADIs). The ADI’s authority is granted by the Australian Prudential Regulation Authority (APRA) under the Banking Act 1959 (Cth).
As of 2019, there were 164 licensed banks, 17 restricted licence banks and 13 deposit-taking companies in business, constituting a total of 194 authorized institutions. In addition, there are 42 local representative offices of foreign banks in Hong Kong. [2]
The following is the list of banks in Australia, as well as restricted authorised deposit-taking institutions (ADI), [1] credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia.
Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included [1] (debatable). [2] An example of a non-depository institution might be a mortgage bank. While licensed to lend, they cannot accept deposits. [3]
You can deposit cash into your account at any MoneyPass Deposit Taking ATM. Pentagon Federal Credit Union. While Pentagon Federal Credit Union does maintain around 50 branches across 13 states ...
A category of authorised deposit-taking institution (ADI) was created for a corporation which is authorised under the Banking Act 1959 to take deposits from customers. The change formalised the right of non-bank financial institutions – such as building societies and credit unions – to accept deposits from non-members.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
This list may not reflect recent changes. ... Authorised deposit-taking institution; ... Safe deposit box; Segregated account;