Alan Kohler Interview - "A Bankers Bank", page-19

Yeah, and you've applied for a banking licence in Australia, as well, right? How far along the track are you on that?

We've applied for an ADI licence, an Authorised Deposit Taking Institution Licence. Banking licence is a little bit different, we're not actually looking to lend, we're not looking to get into the mortgage market or personal loan market. We won't be offering the traditional banking business type services that you would expect from a bank. What we are looking at, though, with APRA, we are looking to licence, hopefully within the next couple of months,

So looks like this timeline may have pushed back to Late Q2 on this one!