APRA authorises IBA Group as a new Restricted ADI
The Australian Prudential Regulation Authority (APRA) has authorised IBA Group Pty Ltd as a restricted authorised deposit-taking institution (Restricted ADI) under the Banking Act 1959.
More information on the Restricted ADI licence framework can be found at: Licensing guidelines for authorised deposit-taking institutions.
An updated list of all APRA-authorised ADIs can be found on the APRA website at: Register of authorised deposit-taking institutions.
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Contact APRA Media Unit, on +61 2 9210 3636
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For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.