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Authorised deposit-taking institutions (ADIs)

Under the Legal Profession Uniform Law, a general trust bank account can only be established at an authorised ADI.

General trust accounts

The following institutions are authorised to hold general trust accounts in New South Wales.

Banks

Australia & New Zealand Bank Ltd 
Bank of Cyprus Australia Ltd 
Bank of Queensland Ltd 
Bank of Sydney Ltd 
Bank of Western Australia Ltd  
Bendigo and Adelaide Bank 
Commonwealth Bank of Australia 
Macquarie Bank Ltd 
National Australia Bank Ltd 
St George Bank Ltd 
Westpac Banking Corporation  

Building Societies 

Greater Building Society Limited 
Maitland Mutual Building Society Ltd 
Newcastle Permanent Building Society Ltd 

Credit Unions

Community Mutual Ltd 
Southern Cross Credit Union Ltd 
Summerland Credit Union Ltd

Controlled money accounts

A controlled money account may be opened with any of the above ADIs or any other ADI. See the Australian Prudential Regulation Authority’s approved list of ADIs.

CONTACT

  • Trust Accounts Department
  • The Law Society of NSW
  • 170 Phillip St
  • Sydney NSW 2000
  • DX 362 Sydney 
  • T: (02) 9926 0337
  • F: (02) 9223 3602
  • E: tad@lawsociety.com.au
  •