Lawrence Muscara

1st December, 2021

Introducing Lawrence, a seasoned financial leader boasting more than 17 years of expertise within the ASX, technology, and fintech sectors.
Demonstrating an unwavering commitment to authenticity and integrity, Lawrence approaches all business dealings with a principled mindset. His primary objective is clear: ‘to empower businesses and finance teams to reach their full potential’. Lawrence achieves this through the delivery of cost-effective, innovative, and dynamic financial and management solutions.
Beyond the numbers, Lawrence actively fosters a work environment characterized by enjoyment, empowerment, and inclusivity. Prior to joining IBoA, Lawrence served as the Group Financial Controller for the Novatti Group of Companies and contributed his expertise to prominent brands such as Xero and Praemium Group Limited.

What's a
Restricted ADI?

International Bank of Australia is authorised by the Australian Prudential Regulation Authority (APRA) to operate under a Restricted Authorised Deposit-taking Institution licence until 2nd November 2024. Under this authority International Bank of Australia has restrictions on the amount of deposits it can take. Under this restricted licence International Bank of Australia is not required to meet the full ADI prudential framework and will not be offering banking products to the general public.

International Bank of Australia has put in place arrangements to protect customers in the event it is required by APRA to discontinue banking business and exits the banking industry. This includes:

- International Bank of Australia being required by APRA to contact customers to advise how they are impacted, e.g. deposits may be returned or transferred to another bank;
- the Banking Act 1959 provisions for the protection of depositors apply to International Bank of Australia; and
- International Bank of Australia is covered by the Australian Government Financial Claims Scheme (FCS). The FCS applies only to protected accounts. It is important customers check the terms and conditions of their specific product to determine if it is protected under the FCS.

You can read more about how banks are licensed on this page on the APRA website:
Licensing guidelines for authorised deposit-taking institutions | APRA
Please reach out to us if you have further questions.  You can use the ‘Contact Us’ form to ask us any questions you have.

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