Wednesday, May 27, 2009

Where is there a definition of ADI

Schedule 2 of the Legal Profession Act 2007 (LPA) defines ADI to mean an authorised deposit-taking institution within the meaning of the Banking Act 1959 (Cwlth)

Section 237 of the LPA definies “approved ADI” to be an ADI approved by the Queensland Law Society (QLS) under section 280 of the LPA. A list of approved ADI's can be found on the QLS website at www.qls.com.au.

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