House of Representatives

Financial Sector Reform (Amendments and Transitional Provisions) Bill 1998

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Honourable Peter Costello MP)

2 Abbreviations

The following abbreviations are used in this explanatory memorandum.

AAPBS Australian Association of Permanent Building Societies
ACCC Australian Competition and Consumer Commission
ACT Australian Capital Territory
ADI Authorised Deposit-taking Institution
AFIC Australian Financial Institutions Commission
APCA Australian Payments Clearing Association
APRA Australian Prudential Regulation Authority
APSC Australian Payments System Council
ASC Australian Securities Commission
ASIC Australian Securities and Investments Commission
CUSCAL Credit Union Services (Australia) Limited
DTI Deposit Taking Institution
FIC Financial Institutions Code
FCA Financial Corporations Act 1974
FSAC Financial Sector Advisory Council
FSI Financial System Inquiry
ISC Insurance and Superannuation Commission
NBFI Non-Bank Financial Institutions
NCDs Non-Callable Deposits
NOHC Non-Operating Holding Company
PSB Payments System Board
RBA Reserve Bank of Australia
RIS Regulation Impact Statement
RTGS Real-Time Gross Settlement
SSA State Supervisory Authority
SSP Special Service Provider
TPA Trade Practices Act 1974
UCCC Uniform Consumer Credit Code


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