MyState Limited (MYS) is the non-operating holding company of a diversified financial services group listed on the ASX and is a leading provider of banking, trustee and wealth management services to customers across the country through our retail brands - MyState Bank, Auswide Bank, TPT Wealth and SelfCo.
On 19 February 2025, Auswide Bank joined the MyState Group following the implementation of a Court approved Scheme of Arrangement. MyState Limited was formed in September 2009 following the merger of MyState Financial, an authorised deposit-taking institution, and TPT Wealth, a trustee and wealth management company. On 1 December 2011, MyState Limited acquired The Rock Building Society (The Rock) based in Central Queensland. On October 6, 2014, following authorisation from the Australian Prudential Regulation Authority (APRA) MyState Financial changed its name to MyState Bank (MyState). On 30 September 2015 MyState Bank received regulatory approval to fully transfer all of the business undertakings of The Rock into MyState Bank Limited.
Regulatory framework
MyState Limited, MyState Bank Limited and Auswide Bank Limited are regulated by the Australian Prudential Regulatory Authority. MyState Bank, Auswide Bank and TPT Wealth hold Australian Financial Services Licences and Australian Credit Licences issued by the Australian Securities and Investments Commission.
Operational structure
MyState Bank Limited, Auswide Bank Limited and TPT Wealth Limited operate as separate subsidiaries. The MyState Limited executive management structure shares responsibility for common operational areas across all subsidiaries and was designed to deliver 'one team' efficiencies in areas of shared services while preserving the core elements for marketplace delivery of separate brands.
With headquarters in Tasmania and Queensland, its diverse business operations cover:
| Banking Services |
Trustee Services |
Wealth Management |
| Transactional & Internet banking |
Estate Planning |
|
| Insurance & other alliances |
Estate & trust administration |
Managed fund investments |
| Savings & investments |
Power of attorney |
Portfolio Administration Services |
| Personal & Business lending |
Corporate & custodial trustee |
Portfolio Advisory Services |
| Business Banking & Agribusiness |
|
|
