Financial system in Australia

The Australian financial system consists of the arrangements covering the borrowing and lending of funds and the transfer of ownership of financial claims in Australia, comprising:

authorised deposit-taking institutions (ADIs) or financial institutions, comprising banks, credit unions and building societies,
non bank financial institutions (NBFI),
insurance (life and general),
superannuation,
financial markets—debt, equity and derivative markets, and
payments systems—cash, cheques, EFTPOS, RTGS and other high-value payment systems.

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