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 |