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Scam alert - fake investment offer: A fake document, developed by scammers, claiming to offer investment in a ‘Bank Australia emerging market fund’ is being circulated. This offer is a scam. This is not a legitimate offer from Bank Australia. Find out more

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2022-01-19 3:13 pm
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Important update to our branch network & contact centre: Due to the spread of COVID-19 in the community many of our staff have been impacted. This is causing disruption to our branch network and long wait times when calling 132 888. Find out more.

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2022-01-10 11:44 am
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Bank Australia Board of Director accountability

Bank Australia is governed by a Board of Directors. The day-to-day running of the bank is the responsibility of the Managing Director.


What’s on this page

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 comprises of eight Directors. It's role is to:

  • establish corporate objectives in line with the bank's Constitution
  • develop, with management, the corporate strategy
  • appoint the Managing Director and evaluate their performance
  • supervise Bank Australia’s operations and ensure they align with its corporate values
  • accept responsibility for compliance with APRA prudential standards, Australian corporations law and other regulations, and
  • approve the budget.

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.

Important documents