Senate

Financial Sector Legislation Amendment (Trans-Tasman Banking Supervision) Bill 2006

Explanatory Memorandum

(Circulated by the authority of the Parliamentary Secretary to the Treasurer, the Hon Chris Pearce MP)

Abbreviations

The following abbreviations are used in this explanatory memorandum.

ADI - Authorised deposit-taking institution
APRA - Australian Prudential Regulation Authority
APRA Act - Australian Prudential Regulation Authority Act 1998
Banking Act - Banking Act 1959
FSTOBA - Financial Sector (Transfers of Business) Act 1999
NOHC - Authorised non-operating holding company
RBA - Reserve Bank of Australia
RBNZ - Reserve Bank of New Zealand
   


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