From dealing and knowing of APRA for a few decades now and...

From dealing and knowing of APRA for a few decades now and knowing their responses/timeframes.....
and also;
(2) from reading too many articles since the recent Royal Commission (RC) into banking/& banks' vested interests and then reading APRA's responses to date;
(3) know that APRA believe they are now post RC challenged and lacking resources;
yet
(4) they have granted a similar ADI license to an overseas based US company, PayPal.

How hard can it be!

So M2M, an ADI approval from APRA on any working day in September is IMO reasonable and expected.

APRA appear to only update their ADI approval website on the first working day of every month. https://www.apra.gov.au/register-authorised-deposit-taking-institutions
This doesn't mean an ADI approval doesn't occur in the interim.

MHP...you mention above. I wonder who employed him.