They can't escape these laws on Australia as they are a financial depository ins... | Hacker News

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		chris_wot on Sept 9, 2012 \| parent \| context \| favorite \| on: PayPal CEO writes personal response They can't escape these laws on Australia as they are a financial depository institution regulated by APRA. Should they try to deny an Australuan their money like this, they will be in a world of pain.

voltagex_ on Sept 10, 2012 [–]

Hey, I'm an Aussie using PayPal and this is the first time I've heard of this. Where can I go to read more?

chris_wot on Sept 10, 2012 | [–]

Authority is here:

http://www.apra.gov.au/adi/Documents/cfdocs/PayPal-auth-and-...

They are classed as an ADI, which means banking rules applies to them.

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