As @McKhenry said, Wisr is not a bank, not subject to APRA, and does not need to have a minimum capital ratio. Bank's can lend more money than they have deposits, meaning that if every customer went to withdraw their money, the majority would leave disappointed - this is why they need this minimum amount of capital in place. Wisr can only lend the money it has.
As far as regulation is concerned, my understanding is that Wisr is regulated only by ASIC (National Consumer Credit Protection Act 2009), and is subject to AUSTRAC's anti-money laundering and counter-terrorism financing requirements.
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As @McKhenry said, Wisr is not a bank, not subject to APRA, and...
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