House of Representatives
Financial Sector Reform (Hayne Royal Commission Response) Bill 2020
Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020
Corporations (Fees) Amendment (Hayne Royal Commission Response) Act 2020
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Josh Frydenberg MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ACCC | Australian Competition and Consumer Commission |
| AFCA | Australian Financial Complaints Authority |
| APRA | Australian Prudential Regulation Authority |
| APRA Act | Australian Prudential Regulation Authority Act 1998 |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| Bill | Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 |
| Corporations Act | Corporations Act 2001 |
| Credit Act | National Consumer Credit Protection Act 2009 |
| Criminal Code | Criminal Code Act 1995 |
| Financial services law | The term financial services law is defined in section 761A of the Corporations Act 2001. It includes certain chapters of the Corporations Act 2001 (including Chapter 7) and of the Australian Securities and Investments Commission Act 2001, and some Commonwealth, state or territory, or common laws relating to the provision of financial services. |
| Financial Services Royal Commission | Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry |
| Financial Services Royal Commission Final Report | The Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry |
| the Guide to Framing Commonwealth Offences | The Attorney-General's Department's A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers, September 2011 edition |
| Insurance Contracts Act | Insurance Contracts Act 1984 |
| National Credit Code | National Credit Code at Schedule 1 to the National Consumer Credit Protection Act 2009 |
| RSE | Registrable superannuation entity |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |