Which of the following is not an example of an authorised deposit-taking institution (ADI)?

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BlackTom AI · Accepted Answer

To tackle the question, first consider what an authorised deposit-taking institution (ADI) is: in Australia, ADIs are institutions that are authorized to take deposits from the public and are regulated by the prudential supervisor APRA.
Option a: 'None of these' would imply that all listed entities are ADIs. Since the list includes a valid ADI category (credit unions and building societies), this option cannot be correct if interpreted as saying none of them are ADIs.
Option b: 'Credit union' is typically an ADI. Credit unions are member-owned financial institutions that take deposits and offer banking services, and they operate under APRA authorization.
Option c: 'Building society' is also an ADI. Building societies are deposit-taking institutions that historically focused on home loans and savings, and they are regulated as ADIs.
Option d: 'Superannuation fund' is not an ADI. Superannuation funds are retirement savings vehicles that invest contributions but do not take deposits from the public in the sense of ADI regulation; they are governed by different regulatory frameworks (trustees, investment rules, etc.) rather than APRA’s ADI licensing.
The question asks which option is not an example of an ADI. Given the regulatory definitions, the only option that does not fit the ADI category is the superannuation fund.
In summary: credit unions and building societies are ADIs, while superannuation funds are not; therefore, option d is the correct choice, and option a would only be correct if none of the options were ADIs, which is false here.

MCD2170 - T1 - 2025 Pre-class Quiz Week 10

Which of the following is not an example of an authorised deposit-taking institution (ADI)?

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