The Australian Prudential Regulation Authority (APRA) has revoked in1Bank Limited’s (in1Bank) authorised deposit-taking institution (ADI) licence under the Banking Act 1959. in1Bank completed its return of deposits process in March, after announcing in January that it intended to exit the banking industry.
An updated list of ADIs can be found on the APRA website at: List of registered authorised deposit-taking institutions.
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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 $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.