House of Representatives
Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010
Explanatory Memorandum
Circulated By the Authority of the Minister for Financial Services, Superannuation and Corporate Law, the Hon Chris Bowen MPGlossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ACCC | Australian Competition and Consumer Commission |
| ADI | Authorised deposit-taking institution |
| APRA | Australian Prudential Regulation Authority |
| APRA Act | Australian Prudential Regulation Authority Act 1998 |
| ASIC | Australian Securities and Investments Commission |
| Banking Act | Banking Act 1959 |
| Bill | Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010 |
| Corporations Act | Corporations Act 2001 |
| FCS | Financial Claims Scheme |
| FCS Act | Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 |
| Federal Court | Federal Court of Australia |
| FHSA Act | First Home Saver Accounts Act 2008 |
| Business Transfer and Group Restructure Act | Financial Sector (Business Transfer and Group Restructure) Act 1999 |
| FSCODA | Financial Sector (Collection of Data) Act 2001 |
| Government | The Australian Government |
| ITAA | Income Tax Assessment Act 1997 |
| Insurance Act | Insurance Act 1973 |
| Levy imposition Acts | The Authorised Deposit-taking Institutions Supervisory Levy Imposition Act 1998, First Home Saver Account Providers Supervisory Levy Imposition Act 2008, General Insurance Supervisory Levy Imposition Act 1998, Life Insurance Supervisory Levy Imposition Act 1998, Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 and the Superannuation Supervisory Levy Imposition Act 1988 |
| Life Insurance Act | Life Insurance Act 1995 |
| NOHC | Non-operating holding company |
| Payment Systems and Netting Act | Payment Systems and Netting Act 1998 |
| PTA | Pooled Trust Account |
| RBA | Reserve Bank of Australia |
| RBA Act | Reserve Bank Act 1959 |
| RSE | Registrable Superannuation Entity |
| RSA Act | Retirement Savings Accounts Act 1998 |
| Superannuation Industry (Supervision) Act | Superannuation Industry (Supervision) Act 1993 |