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 |
APRA | Australian Prudential Regulation Authority |
BILL | Treasury Laws Amendment (Financial Sector Regulation) Bill 2018 |
FSSA | Financial Sector (Shareholdings) Act 1998 |
Restricted ADI | A Restricted ADI is an ADI that holds a Restricted ADI licence |
Restricted ADI licence | Authorisation under section 9 of the Banking Act to conduct banking business for a limited period with specific requirements and restrictions |