Consent to sale or disposal of business of an ADI 2026 – Indue Ltd

Banking Act 1959

To: Indue Ltd ABN 97 087 822 464 (the ADI)

SINCE:

1.             the ADI is an ADI that is not a foreign ADI;

B. the ADI proposes to enter into an arrangement or agreement for the sale or disposal of its business (by amalgamation or otherwise) to another ADI, Cuscal Limited ABN 95 087 822 455 (Cuscal), as described in the schedule (the arrangement or agreement); and

1.             I have taken the national interest into account,

I, Bernadette Donovan, a delegate of the Treasurer, under subsection 63(1) of the Banking Act 1959 (the Act), CONSENT to the arrangement or agreement.

Dated: 17 April 2026

Bernadette Donovan

General Manager (Acting)

General Insurance and Banking Division

APRA

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

foreign ADI has the meaning given in subsection 5(1) of the Act.

Notes

The Treasurer, or the Treasurer’s delegate, is required to publish this instrument in the Gazette.

Schedule – arrangement or agreement

An arrangement for a transfer of the business of the ADI to Cuscal under an intragroup asset transfer agreement.