House of Representatives
Treasury Laws Amendment (Banking Measures No. 1) Bill 2017
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ADI | Authorised Deposit-taking Institution |
| AFS | Australian Financial Services |
| APRA | Australian Prudential Regulation Authority |
| ASIC | Australian Securities and Investments Commission |
| Banking Act | Banking Act 1959 |
| BEAR | Banking Executive Accountability Regime |
| Bill | Treasury Laws Amendment (Banking Measures No. 1) Bill 2017 |
| Code | National Credit Code |
| Credit Act | National Consumer Credit Protection Act 2009 |
| Credit card provider | A licensee that is a credit provider under a credit contract to which Part 3-2B of the Credit Act applies. |
| Credit Regulations | National Consumer Credit Protection Regulations 2010 |
| Crisis Resolution amendments | Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017 |
| FCS | Financial Claims Scheme |
| FSCODA | Financial Sector (Collection of Data) Act 2001 |
| MMC | money market corporations |
| non-ADI lenders | Entities that engage in the provision of finance that are not Authorised Deposit-taking Institutions |
| RBA | Reserve Bank of Australia |
| RFC | Registered Financial Corporations |
| RIS | Regulation Impact Statement |