Explanatory Memorandum
(Circulated by the authority of the Assistant Treasurer and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)Glossary
The following abbreviations and acronyms are used in this explanatory memorandum.
Abbreviation | Definition |
AFSL | Australian financial services licence |
ASIC | Australian Securities and Investments Commission |
ASIC Act | Australian Securities and Investments Commission Act 2001 |
ATM | automatic teller machine |
Bill | Corporations and Other Legislation Amendment (Trustee Companies and Other Measures) Bill 2011 |
CCA | Competition and Consumer Act 2010 |
COAG | Council of Australian Governments |
Corporations Act | Corporations Act 2001 |
Minister | Minister responsible for administering the Corporations Act determined in accordance with section 19A of the Acts Interpretation Act 1901 |
PSRA | Payment System Regulation Act 1998 |
RBA | Reserve Bank of Australia |
regulations | Corporations Regulations 2001 |
TCA | Trustee Corporations Association of Australia |