Bank Australia is a mutually owned unlisted public company limited by shares.
We are registered with ASIC and regulated by APRA. Bank Australia holds an Australian financial service licence (AFSL), an Australian credit licence (ACL) and is an authorised deposit-taking institution (ADI).
We are regulated in the same way as all Australian banks and are covered by the Australian Government’s guarantee on deposits. International rating agency Standard & Poor’s gives the bank an investment grade BBB+/Stable/A-2 credit rating.
Bank Australia is governed by a Board of Directors. The day-to-day running of the bank is the responsibility of the Managing Director.
Customers elect Directors and have a vote on matters of importance at the bank's Annual General Meeting.
The board has a formal renewal program to ensure directors bring an appropriate level of expertise as well as diversity, commercial experience, and fresh perspective. The renewal program recognises the importance of ensuring the history, values and culture of the bank are preserved and built upon.
The Managing Director is charged with the bank’s day to day leadership and management, and is supported by a senior management team.
We respectfully acknowledge the Traditional Custodians of all the lands on which we live and work, and we pay our respects to Elders past and present. We recognise their continued connection to the land, waters and culture and we acknowledge that sovereignty has never been ceded. Our head offices are located on the land of the Wurundjeri Woi Wurrung people of the Kulin Nation in Victoria, and the land of the Gadigal people of the Eora Nation in New South Wales.
We are an equal opportunity employer that celebrates the diversity, equity and inclusion of all people.
