• Login   

• For Solicitors
• For the Community
• About the Law Society
• Ressource center

Authorised deposit-taking institutions (ADIs)

Under the Legal Profession Act 2004, a general trust bank account can only be established in an approved authorised deposit-taking institution (approved ADI).

General trust accounts

The following institutions are approved to hold general trust accounts in New South Wales (as at 20 April 2007).

Banks

Australia & New Zealand Bank Ltd 
Bank of Cyprus Australia Ltd 
Bank of Queensland Ltd 
Bank of Western Australia Ltd 
Bendigo Bank Ltd 
Bank of New Zealand Australia 
Commonwealth Bank of Australia 
Laiki Bank (Australia) Ltd 
Macquarie Bank Ltd 
National Australia Bank Ltd 
St George Bank Ltd 
Westpac Banking Corporation 

Building Societies 

ABS Building Society Ltd 
Maitland Mutual Building Society Ltd 
Newcastle Permanent Building Society Ltd 

Credit Unions

Bananacoast Community Credit Union Ltd 
New England Credit Union 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.