Having a specialised adviser has become a crucial step for a successful ADI licence application in Australia. In recent years, APRA released new key prudential standards such as CPS 220 Risk Management, CPS 230 Operational Risk Management, CPS 234 Information Security and others. At the same time, they refreshed their licensing approach (which was substantially revised in August 2021). Given current regulatory requirements and the high bar APRA sets for foreign applicants looking to enter the banking sector in Australia, we would highly recommendselecting a specialised adviser ahead of your licensing journey. An adviser with deep experience in the market and application processes can help your organisation be clear about its strategy and long-term business aspirations, as well as providing a thorough understanding of the regulatory challenges before starting the ADI/RADI application process. Being well-prepared in these areas will be key to ensuring a smooth transition into becoming operational.