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

Question

BlackTom AI · Accepted Answer

The question asks which option is not an example of an authorised deposit-taking institution (ADI).
Option a: 'a. Superannuation fund' — Superannuation funds are retirement savings vehicles and are not ADIs; they do not hold deposits as banks or ADIs do, so this is the statement that identifies a non-ADI.
Option b: 'Building society' — Building societies are common examples of ADIs because they accept deposits and operate under the regulatory framework for ADIs, so this option describes an ADI.
Option c: 'Credit union' — Credit unions are also ADIs in many jurisdictions; they accept deposits from their members and are authorized to operate as financial institutions, so this is an ADI.
Option d: 'None of these' — This would mean that all listed items are ADIs, which contradicts option a (superannuation fund) being not an ADI, so this choice is inconsistent with the fact identified in option a.
Thus, evaluating each choice shows that only the first item is not an ADI, while the others fit the ADI category, and the 'None of these' option does not align with that reality.

MCD2170 - T2 - 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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