House of Representatives

Financial Sector Legislation Amendment Bill (No. 1) 2000

Explanatory Memorandum

(Circulated by authority of the Minister for Financial Services & Regulation,the Honourable Joe Hockey, MP)

Abbreviations

The following abbreviations are used in this explanatory memorandum.

AAPBS Australian Association of Permanent Building Societies
ABA Australian Bankers' Association
ADI Authorised Deposit-taking Institution
AFIC Code Australian Financial Institutions Commission Code
AGA Australian Government Actuary
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 1989
Banking Act Banking Act 1959
CUSCAL Credit Union Services Corporation (Australia) Limited
FCA Financial Corporations Act 1974
FSSA Financial Sector (Shareholdings) Act 1998
IBSA International Banks and Securities Association of Australia
ISC Insurance and Superannuation Commission
ORR Office of Regulation Review
RBA Reserve Bank of Australia
Reserve Bank Act Reserve Bank Act 1959
RIS Regulation Impact Statement
RSA Retirement Savings Account
SIS Act Superannuation Industry (Supervision) Act 1993
SRC Act Superannuation (Resolution of Complaints) Act 1993
TOB Act Financial Sector (Transfers of Business) Act 1999


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