An Authorised Deposit-taking Institutions (or 'ADI') is an Australian government term for financial institutions in Australia which are supervised by the Australian Prudential Authority (APRA) and are authorised under the Banking Act 1959 to accept deposits from the public (commonly known as banks!). Xinja is an RADI ('restricted authorised deposit-taking institution) - in other words has a restricted banking licence - and is applying to become an ADI (and get a full banking licence). For more information click here!
What's an Authorised Deposit-taking Institution (ADI)?
