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, * , * 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.
