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Bank Australia offers a range of entity accounts to suit your specific business needs. Whether your a sole trader, an organisation or trust, we can open an account that's right for you. To see more information and our requirements, please select your entity type below from the drop down menu.

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Sole Trader

A sole trader business structure is a person trading as the individual legally responsible for all aspects of the business. 

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Partnership - General Partnership

A general partnership involves 2 or more partners and is one where all partners are equally responsible for the management of the business, its debts and obligations. Each partner  has unlimited liabilities of the business. 

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Pty Ltd Company

A Pty Ltd company is a privately owned company and  has at least one shareholder with a limited number of shares. A company is an entity that has a separate legal existence from its owners. The owners of the company are known as members or shareholders. 

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Unlisted Public Company

Unlisted public companies differ from proprietary companies in that they can offer shares to the public, however their shares will not be included on the official list of a securities or stock exchange. 

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Listed Public Company

Listed Public Companies are companies that are included in the official list of a prescribed financial market. For example, their securities are listed on a securities/stockexchange where their shares can be bought and sold by member of the public. 

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Unincorporated Association

An Unincorporated Association is an organisation set up through an agreement between a group of people who come together for a reason other than to make a profit (for example, a voluntary group or a sports club). 

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Incorporated Association

An incorporated association is a registered legal entity usually established for recreational, cultural or charitable purposes. An incorporated association is subject to particular State or Territory laws governing its operations  and all profits are put back into the association's activities. 

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Co-Operative

A Co-Operative is an organisation owned and controlled by its members for a common purpose. Co-operatives generally apply the concepts of sharing, democracy and delegation in order to benefit all members. Generally, all members are expected to participate and share the responsibility of running the organisation. 

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Local Council or Other Government Entity

A local council or other government entity includes Municipal/Shire/City Council. 

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Government School

Government schools are government regulated and administered between the school council and the principal. 

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Important Information

This page contains only general, descriptive information which is subject to change and is not a substitute for  professional advice and/or commercial judgement, having regard to individual circumstances. No representations or warranties are made in relation to the information or any contents or their accuracy and it does not constitute advice in any form.

Bank Australia is not in any way responsible or liable for your reliance or use of the information. The information does not take into account your personal and financial needs, particular objectives and/or circumstances, and should not be relied on to make decisions. You should seek appropriate independent advice (which may include property, legal, financial, taxation and accounting advice) before making any decisions, investing, or acting on any information provided here.

You should also consult the Product Disclosure Documents before making a decision to apply for products with Bank Australia.