1.1.F.10 Financial institution

Definition

In the NRSAct and the Banking Act 1959 a financial institution means a body corporate that is an authorised deposit-taking institution (ADI).

Act reference: NRSAct section 6 The Dictionary

Banking Act 1959 Part II Division 1 Authority to carry on banking business

Policy reference: Redress Guide 7.1 Participating institutions

Last reviewed: 13 August 2018