An overseas bank that wishes to conduct banking business and provide services to wholesale clients in Australia may do so as a foreign ADI, by establishing an Australian branch. An Australian branch of a foreign ADI forms part of the same legal entity as its head office. Foreign ADIs are not subject to capital requirements by APRA, but will need to meet other local regulatory requirements applicable to its business. A foreign ADI licence is the APRA authorisation for an overseas bank to conduct banking business in Australia, with conditions.