FOLLOW US Follow us on social media
Home Loans Australia
Home loan comparison and broker-matching resource
  • Home About us Calculators Articles Sitemap Apply Now
    • Home Loans Australia :: News
    SHARE

    Share this news item!

    APRA Ends International Bank of Australia's Restricted Licence

    APRA Ends International Bank of Australia's Restricted Licence

    APRA Ends International Bank of Australia's Restricted Licence?w=400

    The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

    The Australian Prudential Regulation Authority (APRA) has complied with a request by International Bank of Australia Pty Limited to terminate its restricted licence as an authorised deposit-taking institution (ADI).
    Similarly, IBOA Group Holdings Pty Ltd (IBOA Holdings) has rescinded its status as a non-operating holding company (NOHC).
    This information is according to a recent update from APRA's official channels.

    Previously, in November 2022, APRA granted the licences under the Banking Act 1959, providing International Bank of Australia the restricted ADI status and offering IBOA Holdings NOHC credentials. Despite these opportunities, the bank never moved forward with launching any products, nor did it establish customer relationships or attract any deposits during this period.

    The specific reasons behind International Bank of Australia’s decision to relinquish its restricted ADI licence remain speculative. However, industry experts suggest it could be a strategic shift in focus or re-evaluation of the Australian market landscape. It is important to note that this decision does not close the door for any future applications the bank might make to re-enter the ADI or restricted ADI landscape.

    This instance highlights a rare, yet noteworthy, event where a financial institution pulls back after initial regulatory approval but before market penetration. It provides a contrast to other emerging banks that take swift action post-approval to acquire market share and customer base.

    For those keeping an eye on regulatory activities and ADI listings, APRA maintains updated records of all such authorised entities. The registers of authorised deposit-taking institutions and non-operating holding companies can be accessed openly on the APRA website. Financial services observers will find these registers an essential tool for staying updated on the operational status of various financial institutions.

    Published:Tuesday, 1st Oct 2024
    Author: Paige Estritori

    Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

    Share this news item:

    Rate this article

    Sign in with Google to rate

    0 Comments

    No comments yet. Be the first to share your thoughts.

    Finance News

    Investor Loan Demand Adds Fresh Pressure for Home Buyers
    Investor Loan Demand Adds Fresh Pressure for Home Buyers
    12 Aug 2026: Paige Estritori
    Australia's home loan market appears to be shifting into a more competitive phase, with recent lending indicators suggesting investor activity is strengthening while many owner-occupiers remain cautious. For aspiring buyers, this matters because a lift in investor demand may influence auction conditions, price expectations and the urgency around securing finance before making an offer. - read more
    Borrowers Recheck Their Home Loans as Refinancing Lifts
    Borrowers Recheck Their Home Loans as Refinancing Lifts
    05 Aug 2026: Paige Estritori
    Australia’s mortgage market appears to be moving into a more active phase, with the latest lending indicators pointing to renewed borrower engagement after months of caution. Rather than waiting passively for clearer interest rate direction, many households seem to be testing whether their existing home loan still stacks up against current market offers. - read more
    Rate Relief May Be Coming, But Borrowers Face a Longer Wait
    Rate Relief May Be Coming, But Borrowers Face a Longer Wait
    22 Jul 2026: Paige Estritori
    Australian mortgage holders have been given a cautious glimpse of future relief, with Westpac shifting its long-range interest rate forecast and bringing its expected timing for cuts forward to August 2027. That move means all four major banks now broadly expect borrowers to see lower rates from next year, rather than waiting until 2028. - read more
    Australians Turn Tax Refunds Into Home Loan Breathing Room
    Australians Turn Tax Refunds Into Home Loan Breathing Room
    15 Jul 2026: Paige Estritori
    Tax time is shaping up less like a spending season and more like a reset moment for Australian households. Fresh reporting based on Finder research suggests many people expecting a 2026 tax refund are planning to bank the money, pay bills or reduce debt rather than spend it on discretionary purchases. - read more
    Mortgage Rate Competition Heats Up for Australian Borrowers
    Mortgage Rate Competition Heats Up for Australian Borrowers
    08 Jul 2026: Paige Estritori
    Australian mortgage competition has taken a notable turn, with a growing group of lenders trimming selected home loan rates even after the Reserve Bank of Australia’s May cash rate increase. According to recent market reporting, 18 lenders have reduced at least some variable mortgage rates, while AMP Bank has made one of the sharper fixed-rate moves, cutting selected fixed rates by up to 0.50 percentage points. - read more
    Click for more Finance News


    Home Loans Articles

    Mastering Your Finances: A Guide to Preparing for Home Ownership in Australia
    Mastering Your Finances: A Guide to Preparing for Home Ownership in Australia
    Embarking on the journey to home ownership in Australia is both exciting and daunting. The housing market here is unique, with its own set of challenges and opportunities to navigate. Understanding the intricacies of this market is crucial as you begin your home ownership adventure. This means keeping an eye on property prices, interest rates, and evolving regulations that might impact your purchasing power. - read more
    First Home Buyer Grants, Concessions and Schemes in Australia
    First Home Buyer Grants, Concessions and Schemes in Australia
    First home buyers in Australia may be able to access grants, transfer duty concessions, low-deposit guarantees, super-based savings support or shared equity programs. This guide explains how the main forms of government assistance differ, the eligibility factors that commonly apply, and how to factor them into your home loan planning. - read more
    First-Home Finders: How to Choose a Mortgage Broker Who Works for You
    First-Home Finders: How to Choose a Mortgage Broker Who Works for You
    Embarking on the journey to homeownership can feel like navigating uncharted waters, with mortgage brokers often serving as the compass guiding you through the complexities of home financing. For many first-time home buyers, understanding the role of a mortgage broker can provide peace of mind and valuable support throughout the home-buying process. - read more
    Exploring Different Refinancing Strategies to Ease Your Mortgage Stress
    Exploring Different Refinancing Strategies to Ease Your Mortgage Stress
    When it comes to managing finances, one of the biggest stressors for homeowners is their mortgage. In Australia, many individuals and families struggle with mortgage stress, which can have a significant impact on their overall financial well-being. - read more
    Common Types of Home Loans in Australia Explained
    Common Types of Home Loans in Australia Explained
    Compare common types of home loans in Australia, including owner-occupier, investment, fixed, variable, split, interest-only, construction, guarantor and low-deposit loan structures. - read more


    Need Help Finding a Home Loan?
    Get your free home loan eligibility assessment and compare offers tailored specifically to your circumstances.
    Loan Amount:
    Postcode:
    All finance quotes are provided free (via our secure server) and without obligation.
    We respect your privacy.

    Start Here

    Get your free Home Loan Eligibility Assessment and compare multiple lender offers via our nation-wide mortgage broker panel.

    Loan Amount:
    Postcode:

    All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.

    "Mastering Home Loans: Navigating the Australian Mortgage Market"

    FREE DOWNLOAD: Mastering Home Loans: Navigating the Australian Mortgage Market
    download it free

    Knowledgebase
    Negative Amortization:
    A situation in which the loan payment for any period is less than the interest charged over that period, causing the loan balance to increase.


    This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
    IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.