Approved ADIs for Trust Accounts

Pursuant to Section 237 of the Legal Profession Act 2007("the Act"), a law practice can only keep a trust account with an ADI approved by the Law Society pursuant to Section 280 of the Act.

The term "AD" is defined in Schedule 2 to the Act as an authorised deposit-taking institution within the meaning of the Banking Act 1959 (Cwlth).

Pursuant to Section 280 of the Act, the Law Society has approved the following ADIs for this purpose:

• Australia & New Zealand Banking Group Limited (“ANZ”)
• Bank of New Zealand Australia, a division of National Australia Bank Limited (“BNZ”)
• Bank of Queensland Limited (“BOQ”)
• Bank of Western Australia Limited (“Bank West”)
• Bendigo Bank Limited
• Commonwealth Bank of Australia (“CBA”)
• Macquarie Bank Limited
• National Australia Bank Limited (“NAB”)
• Queensland Police Credit Union Limited (“QPCU”)
• Suncorp Metway Limited
• St George Bank Limited
• The Rock Building Society Limited
• Westpac Banking Corporation (“WBC”)