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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
Greater Bank Ltd
Macquarie Bank Ltd
National Australia Bank Ltd
St George Bank Ltd
Westpac Banking Corporation

Building Societies 

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
  •