Banking System

Banking System in Australia

The Australian financial system consists of commercial banks and merchant/investment banks (including branches and subsidiaries of foreign banks) and other financial intermediaries. The Australian Prudential Regulation Authority (APRA) is the regulator which determines whether to authorize a company to conduct banking business. A company authorized by APRA is known as an Authorized Deposit-taking Institution (ADI). ADI may also be required to hold an Australian financial services license.

Banks provide the range of services usually found in developed countries, including short-term wholesale finance, and securities underwriting and placement. Certain specialist banks provide assistance in areas such as resource and industry development.

A foreign bank which wishes to conduct banking business in Australia may operate either through an authorized branch or an authorized locally-incorporated subsidiary. Authorized foreign bank subsidiaries can engage in the full range of banking business in Australia, but authorized foreign bank branches in Australia are prohibited from engaging in retail banking (namely, taking deposits of less than A$250,000 from the public).

A foreign bank which does not wish to conduct banking business in Australia but wishes to have an Australian representative office to provide liaison services to Australian customers in relation to its offshore banking services must obtain consent from APRA. It will also be required by APRA to register with ASIC as carrying on business in Australia.

Foreign enterprises have the same access to the Australian capital markets as local enterprises. Foreign governments, their agencies and international organizations may also access the Australian capital markets subject to certain conditions.


What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.

Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.

Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.

Should you have any question or matter
You would like to discuss or clarify with us


Should you like to receive further Information
About our services and fees, …

Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.

You may call or email us, and we will be happy to assist you in a fast and efficient manner.

You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.