7 May 2018
The Australian Prudential Regulation Authority (APRA) today announced it has authorised volt bank limited as a restricted authorised deposit-taking institution (Restricted ADI), and volt Corporation Limited as a non-operating holding company, under the Banking Act 1959.
Information on APRA’s Restricted ADI framework can be found on the website at http://www.apra.gov.au/adi/Pages/adi-authorisation-guidelines.aspx.
An updated list of all APRA-authorised ADIs can be found on the website at http://www.apra.gov.au/adi/Pages/adilist.aspx.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding approximately $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.
Media and industry enquiries only:
APRA Media Unit
Telephone: 02 9210 3636
All other inquiries:
APRAinfo: 1300 55 88 49