Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)5 Abbreviations
The following abbreviations are used in this Explanatory Memorandum.
| AASB | Australian Accounting Standards Board |
| ASIC | Australian Securities and Investments Commission |
| ASX | Australian Stock Exchange |
| CLERP | Corporate Law Economic Reform Program |
| FRC | Financial Reporting Council |
| IASC | International Accounting Standards Committee |
| Law | Corporations Law |
| OIS | Offer Information Statements |
| Panel | Corporations and Securities Panel |
| SMEs | Small and medium sized enterprises |
| UIG | Urgent Issues Group |