Explanatory Memorandum
(Circulated by authority of the Minister for Financial Services & Regulation,the Honourable Joe Hockey, MP)Abbreviations
The following abbreviations are used in this explanatory memorandum.
| AAPBS | Australian Association of Permanent Building Societies |
| ABA | Australian Bankers' Association |
| ADI | Authorised Deposit-taking Institution |
| AFIC Code | Australian Financial Institutions Commission Code |
| AGA | Australian Government Actuary |
| APRA | Australian Prudential Regulation Authority |
| APRA Act | Australian Prudential Regulation Authority Act 1998 |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 1989 |
| Banking Act | Banking Act 1959 |
| CUSCAL | Credit Union Services Corporation (Australia) Limited |
| FCA | Financial Corporations Act 1974 |
| FSSA | Financial Sector (Shareholdings) Act 1998 |
| IBSA | International Banks and Securities Association of Australia |
| ISC | Insurance and Superannuation Commission |
| ORR | Office of Regulation Review |
| RBA | Reserve Bank of Australia |
| Reserve Bank Act | Reserve Bank Act 1959 |
| RIS | Regulation Impact Statement |
| RSA | Retirement Savings Account |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| SRC Act | Superannuation (Resolution of Complaints) Act 1993 |
| TOB Act | Financial Sector (Transfers of Business) Act 1999 |