<P> Authorised Deposit - taking Institutions (ADIs) is an Australian government term for financial institutions in Australia which are supervised by the Australian Prudential Regulation Authority (APRA) and authorised under the Banking Act 1959 (Cth) to accept deposits from the public . </P> <P> The term was adopted to formalise the right of non-bank financial institutions--such as building societies, credit unions and friendly societies--to accept such deposits . All ADIs are subject to the same prudential standards as banks but for a corporation to use word' bank',' building society' and' credit union' in its name, it must meet certain requirements . </P>

Who regulates authorised deposit taking institutions (adis) in australia
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