The objective of the Fund is to raise the required regulatory capital for R Financial Service Pty Ltd ACN 627 753 995 (R Financial Service) to obtain an Authorised Deposit-taking Institution (ADI) licence from the Australian Prudential Regulation Authority (APRA).
R Financial Service was one of a few applicants which have passed the pre-application stage and progressed to formally apply for a Restricted ADI (RADI) licence to be issued by APRA in Australia. The new RADI licensing framework was introduced by APRA on 4 May 2018, with a view to boosting competition in the banking sector and to reduce the barriers for new entrants to the industry.
Vasco Trustees Limited
Vasco Fund Services Pty Limited
Please contact the Investment Manager for further information