Australia has a strong, profitable and regulated banking sector which is widely open to new foreign entrants. Australia ranked fifth amongst the world’s leading financial systems and capital markets in the 2010 World Economic Forum Financial Development report.
Australia’s financial industry has made signification contributions to GDP.
The big four banks in Australia include Commonwealth Bank of Australia, National Australia Bank, Westpac and ANZ. The financial system in Australia is mainly regulated by RBA, APRA, ASIC and the Treasury.
our servicesAs a designated accounting firm for multiple Chinese-funded banks, we have a long-standing and excellent reputation and practical experience within the industry. Australian Chinese-funded banks include Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communication, China Merchants Bank, CITIC Bank and so on. Taiwanese-funded banks include Taiwan Business Bank, Taiwan Cooperative Bank, E.SUN Commercial Bank, Hua Nan Bank, Mega International Commercial Bank and CTBC Bank, etc. Japanese-funded banks include Mizuho Bank, The Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking Corporation. We will help you with a range of service including:
- establishment of Australian branches for foreign banks
- assistance in dealing with internal book management, payroll management and GST
- routine services such as bookkeeping, taxation, and auditing