Queensland Law Society

Approved ADIs for Trust Accounts

The term ‘ADI’ is defined in Schedule 2 of the Legal Profession Act 2007 (the Act) as an authorised deposit-taking institution within the meaning of the Banking Act 1959 (Cwlth). Pursuant to s237 of the Act, a law practice can only keep a trust account with an ADI approved by the Chief Executive of the Department of Justice & Attorney-General pursuant to s280 of the Act.

The Chief Executive of the Department of Justice & Attorney-General has approved the following ADIs:

  •          Australia and New Zealand Banking Group Limited (ANZ)
  •          Bank of Queensland Limited (BOQ)
  •          Bankwest (a division of Commonwealth Bank of Australia)
  •          Bendigo and Adelaide Bank Limited
  •          Commonwealth Bank of Australia (CBA)
  •          Macquarie Bank Limited
  •          National Australia Bank Limited (NAB)
  •          QPCU Limited T/as QBANK
  •          St George Bank (a division of Westpac Banking Corporation)
  •          Suncorp-Metway Limited (Suncorp Bank)
  •          Westpac Banking Corporation