House of Representatives
Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009
Explanatory Memorandum
Circulated By the Authority of the Minister for Human Services Minister for Financial Services, Superannuation and Corporate Law the Hon Chris Bowen MpGlossary
The following abbreviations and acronyms are used in this explanatory memorandum.
| Abbreviation | Definition |
| ABN | Australian business number |
| ACN | Australian company number |
| AFSL | Australian financial services licence |
| AML | Australian market licence |
| APRA | Australian Prudential Regulation Authority |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| ASX | Australian Securities Exchange |
| Bill | Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009 |
| CGT | capital gains tax |
| COAG | Council of Australian Governments |
| Corporations Act | Corporations Act 2001 |
| CS facility licence | Australian clearing and settlement facility licence |
| EDR Scheme | External Dispute Resolution Scheme |
| FSG | Financial Services Guide |
| Green Paper | The Government's Green Paper issued in June 2008 titled : Financial Services and Credit Reform: Improving, Simplifying and Standardising Financial Services and Credit Reform |
| GST | goods and services tax |
| IDR | internal dispute resolution |
| Legislative Instruments Act | Legislative Instruments Act 2003 |
| LUR | loan-to-value ratio |
| Minister | Minister responsible for administering the Corporations Act determined in accordance with section 19A of the Acts Interpretation Act 1901 |
| PDS | product disclosure statement |
| regulations | Corporations Regulations 2001 |
| RG | (ASIC) Regulatory Guide |
| RSEs | Registrable Superannuation Entity licensees |
| SoA | Statement of Advice |
| TCA | Trustee Corporations Association of Australia |